Question $15$

$3\mathrm{.}33$ pts

A project has an initial cost of $$92,500,$ a life of $8$ years, and equal armual cash inflows. The required retum is $9\mathrm{.}1$ percent. According to the profitability indek decision rule, what is the miriinum arrioal cash flow necessary to accept the project?

$$18\mathrm{.}299\mathrm{.}50$

$416774\mathrm{.}05$

$$11\mathrm{.}562\mathrm{.}50$

$$19,824\mathrm{.}48$

$$13,484,20$