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You're interested in a few different investments, one of which is Investment K5. The current price to invest in K5 is $1,810. If you purchase

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You're interested in a few different investments, one of which is Investment "K5". The current price to invest in K5 is $1,810. If you purchase it today, it's expected to: pay you $253, 3 years from today. pay you $503, 7 years from today. pay you $1,665, 14 years from today. Given the risk of the investment, it's expected return, E(r), is 7.7% when expressed as an EAR. Determine the Profitability Index of the investment. Provide an answer that's accurate to at least 4 significant digits

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