uestion 2. The initial outlay for the Gulf Company for project X is $90,000. For 8 onsecutive years, ABC Company has $41.000 net cash savings except for the 9th year having a significant net cash savings of S61,000. The required rate of return for the project is 12%. Compute for the Profitability Index and interpret whether to accept or reject the project. (5 marks) CLO 1