Splish Brothers, Inc. is considering purchasing equipment costing $ 30000 with a 6-year useful life. The equipment will provide annual cost savings of $10600 and will be depreciated straight-line over its useful life with no salvage value. Splish Brothers requires a 10% rate of return. Period 6 Present Value ofen Annuity of 8% 10% 11% 12% 15% 4.623 4.486 4.355 4.231 4,111 3.784 28 What is the approximate profitability index associated with this equipment? O 1.54 1.56 O 1.49 O 0.73