Current Attempt in Progress Concord, Inc. is considering purchasing equipment costing $$48000$ with a $6-$year useful life. The equipment will provide annual cost savings of $$12000$ and will be depreciated straight$-$line over its useful life with no salvage value. Concord requires a $10\%$ rate of return Period Present Value of an Annuity of $1$ B$\%9\%10\%11\%12\%15\%4\mathrm{.}62344864\mathrm{.}3554\mathrm{.}2314\mathrm{.}1113\mathrm{.}7846$ What is the approximate profitability index associated with this equipment? $0\mathrm{.}73$ O $1091\mathrm{.}251\mathrm{.}06$ Attempts: $0$ of $1$ used Submit Answer