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Question 8 7 pts Find the profitability index (PI) for a proposed project costing $39,626. Assume that the appropriate cost of the capital for the
Question 8 7 pts Find the profitability index (PI) for a proposed project costing $39,626. Assume that the appropriate cost of the capital for the projects of this risk level, at this company is 15.2%, and the estimated cash flows for the life of the project are as follows (use 4 decimal place precision): Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 $6,442 $2,797 $4,669 $4,878 $11,268 $9,987 $5,617 $6,078
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