Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively.

Time:	0	1	2	3	4	5	6
Cash flow:	$7,500	$1,180	$2,380	$1,580	$1,580	$1,380	$1,180

Use the PI decision rule to evaluate this project.

PI=___?