Question: Exercise 8-17 (AIgorithmic) Profitability Index Lundquist Inc. has a project that requires an initial ivestment of $35,000 and has the following expected stream of cash

Exercise 8-17 (AIgorithmic) Profitability Index Lundquist Inc. has a project that

Exercise 8-17 (AIgorithmic) Profitability Index Lundquist Inc. has a project that requires an initial ivestment of $35,000 and has the following expected stream of cash flows Year 1 Year 2 Year 3 Required: Assume that the company's cost of eapltal is 11 percent. Whet is the prontabllity Index for the project? Use the time value of money charts for your calculations. Round time value factors to four decimal places and intermediate dollars to the nearest whole number, Round your final answer to one decimal place $28,000 23,000 12,000

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