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You have a project with the following cashflows: Year 0:-$55,000; Year 1: $28,000; Year 2: $40,000. Your boss insists that only projects that can return

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You have a project with the following cashflows: Year 0:-$55,000; Year 1: $28,000; Year 2: $40,000. Your boss insists that only projects that can return at least $1.10 in today's dollars for every $1 invested can be accepted. She also insists on applying a 10 percent discount rate to all cash flows. Use Pl to make decision on the project. A Reject the project because the Plis 1.06. B Reject the project because the Plis 1.09. Accept the project because the PL is 1.06. D Accept the project because the Pl is 1.09. E Cannot be determined using PI

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