The Mesquite Team$-$Roping Group is considering buying a rodeo arena in Las Vegas, with the following expected cash flows: Initial Outlay $=$ $$750$K$,$ incremental after$-$fax CFs from operations in Years $1-4=$ $$250$K$/$yr$.,$ & additional after$-$tax terminal cash flow at end of Year $4=$ $$40$K$.$ Using a discount rate of $12\%,$ compute the NPV of this project and the profitability index of the arena project.