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You are considering a project with cash flows of -$170,000 $40,700, $58,300, $45,000, 552,800 for years 0 to 4, respectively. If the required rate of

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You are considering a project with cash flows of -$170,000 $40,700, $58,300, $45,000, 552,800 for years 0 to 4, respectively. If the required rate of return for this kind of investment is 12 percent, what is the profitability Index? Should you accept or reject the project based on this Index value? a. 0.93: accept b. 1.02: accept ec 0.93: reject d. 0.87: reject e. 0.87: accept

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