Question: Berkay estimates that a project will cost $50,000 and will generate cash Intlows of $12,000 in Year 1,520,000 in Year 3 and $25,000 in Year

Berkay estimates that a project will cost $50,000 and will generate cash Intlows of $12,000 in Year 1,520,000 in Year 3 and $25,000 in Year 5. If the discount rate is 10 percent, what is the profitability index for this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 12.47) DAVID

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