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You are considering a project with cash flows of -$95,000, $32,400, $14,600, $39,200, $42,800 for years 0 to 4, respectively. If the required rate of
You are considering a project with cash flows of
-$95,000, $32,400, $14,600, $39,200, $42,800 for years 0 to 4, respectively. If the required rate of return for this kind of investment is 10 percent, what is the profitability index? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.47.)
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