Question $3(5$ points$)$

$($Ignore income taxes in this problem.$)$ The management of Cantell Corporation is considering a project that would require an initial investment of $$47,000.$ No other cash outflows would be required. The present value of the cash inflows would be $$55,930.$ The profitability index of the project is closest to

A$)1\mathrm{.}19.$

B$)0\mathrm{.}81$

C$)0\mathrm{.}19$

D$)0\mathrm{.}16$