Salalah Wind Energy has taken up a new project with an initial investment of 50000 OMR.The expected future cashflow from the project over the next three years will be 22500 OMR, 23500 OMR and 24500 OMR.What is the profitability index if the discount rate is 7 percent?

Select one:

a. 1.63

b. 1.23

c. 1.44

d. 1.48

e. None of these