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You are examining a 5 year project that has a NINV of $285,000. The project is expected to generate $90,000 of net cash flows each

  1. You are examining a 5 year project that has a NINV of $285,000. The project is expected to generate $90,000 of net cash flows each year. The rate of return for the project is 10%. What is Profitability Index (PI) of the project?

    1. 2.01 times

    2. 3.17 times

    3. 1.20 times

    4. .95 times

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