Question: *Please show your work using a financial calculator and all inputs used* 14. Assume a project has an initial cost of $50,000 and product cash

*Please show your work using a financial calculator and all inputs used**Please show your work using a financial calculator and all inputs used*

14. Assume a project has an initial cost of $50,000 and product cash flows of $19,200, $33,000, and $10,000 for Years 1 to 3, respectively. What is the profitability index (PI) given a required return of 15 percent? Based on the PI value, should we reject or accept the project? (5 points)

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