What is the profitability index of a project that costs $8,000 and provides cash flows of $2,900 in years 1 and 2 and $4,900 in years 3 and 4? The discount rate is 8%. Note: Do not round intermediate calculations. Round your answer to 4 decimal places. Answer is complete but not entirely correct. Profitability index 1.5829

What is the profitability index of a project that costs $8,000 and provides cash flows of $2,900 in years 1 and 2 and $4,900 in years 3 and 4 ? The discount rate is 8% Note: Do not round intermediate calculations. Round your answer to 4 decimal places