Questions 14 -20 are all based on the following information. Mr. Woodridge, the CEO of Woodstock Wood Chippers, Inc. believes that the firm could create additional value by adding stump grinders to its product mix. Machinery used in producing the stume prinders would cost $16.500,000. According to Woodridgers projections, the subsequent net cash flows the company would generate for the investors if it entered the stump prinder business would be $2.280,000 per year for 12 years. These are the only canh fows expected. The firm's annual weighted average cost of capital for a project of this types 8.0M. QUESTION: What is the PROFITABILITY INDEX for the stump grinder project? A 1.6582 0.0.6031 C.7.2365 D. 1.00 1.0.1426