A project with an initial cost of $$60,000$ is expected to provide

annual cash flows of $$12,900$ over the $8-$year life of the project.

If the required return is $8\mathrm{.}4$ percent, what is the project's

profitability index?Multiple Choice$\mathrm{.}8221\mathrm{.}1161\mathrm{.}0141\mathrm{.}2171\mathrm{.}369$