Q25.33: Kensington, Inc. is considering an investment in new equipment that will produce equal annual cash flows of $90,000 for 6 years. The equipment's net present value is $31.950, its cost is $360,000, its useful life is 6 years, and its annual depreciation expense (no salvage value) is $60,000. What is the profitability index of this project? 3,6 2.8 40 D