Question: A project proposal is on your desk. The project has an upfront cost of $45,000. The annual cash inflows from the project over four years

A project proposal is on your desk. The project has an upfront cost of $45,000. The annual cash inflows from the project over four years are, $17,000 for year 1, $19,000 for year 2, $21,000 for year 3, and $20,000 for year 4. If the weighted average cost of capital is 16%, what is the profitability index for the project? Select one: O a. 1.24 O b. 1.26 O c. 1.22 O d. 1.20 O e. 1.18
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