What is the profitability index of a project that has an initial cash outflow of $800, an inflow of $300 for the next 3 years and a cost of capital of 10 percent? The firm is using the following formula: Profitability Index=(NPV/Cash outflow)*100.

a) 0.04%

b) 21.71%

c) -3.62%

d) -6.74%