Question: HOW DO YOU SOLVE WITH EXCEL? This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial

HOW DO YOU SOLVE WITH EXCEL?
This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Question 1 point) Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 5.53 percent. The initial outlay is $346,938. Year 1: $131,466 Year 2: $169,038 Year 3: $146,557 Year 4: $134,452 Year 5: $179,799 Round the answer to two decimal places
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