Sis, your boss, insists that only projects returning at least $1.06 in today's dollars for every $1 invested can be accepted. She also insists on applying a 14 percent discount rate to all cash flows. Based on these criteria, you should:

A. accept the project because the PI is 0.90.

B. accept the project because the PI is 1.07.

C. accept the project because the PI is 1.11.

D. reject the project because the PI is 0.90.

E. reject the project because the PI is 1.07.

Show the answer using a financial calculator. Hint: find NPV

You would like to invest in the following project. Casflows are as stated: Year 0: -98,400; Year 1: 55,200; Year 2: 74,100