Question: Do not do any interim rounding, state your answer to two decimal places. Dawntreader Landscaping is considering purchasing $490,000 of new lawn equipment and they

Do not do any interim rounding, state your answer to two decimal places.

Dawntreader Landscaping is considering purchasing $490,000 of new lawn equipment and they anticipate the additional equipment will result in cash flows as below. Their weighted average cost of capital is 10.30%.

Year	Cash flow
1	87,000
2	113,000
3	129,000
4	146,000
5	162,000

The profitability index for the project is:

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