Question: A project proposal is on your desk. The project has an upfront cost of $44,000. The annual cash inflows from the project over four years

A project proposal is on your desk. The project has an upfront cost of $44,000. The annual cash inflows from the project over four years are, $16,000 for year 1, $18,000 for year 2, $20,000 for year 3, and $22,000 for year 4. If the weighted average cost of capital is 13%, what is the profitability index for the project?

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