Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 11.45 percent. The initial outlay is $489,915.

Year 1: $139,114

Year 2: $190,790

Year 3: $176,016

Year 4: $147,875

Year 5: $120,300

Round the answer to two decimal places.

Answer rating: 100% (QA)

Cost of Capital 1145 Present Value of Cash Inflows 1391141... View the full answer