Question: need asap 13. Assume a project has an initial cost of $51,300 and consequent cash flows of $18,200, $37,300, and $14,300 for years 1 to

need asapneed asap 13. Assume a project has an initial cost of $51,300

13. Assume a project has an initial cost of $51,300 and consequent cash flows of $18,200, $37,300, and $14,300 for years 1 to 3, respectively. Knowing this, answer the following questions: a. What is the profitability index given a required return of 12.5 percent? (6 points) b. Based on your answer in part a, should the project be accepted? Why? (6 points)

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