Question: You are considering a project that has an initial cost of $ 1 0 , 2 5 0 , 0 0 0 . If you

You are considering a project that has an initial cost of $10,250,000. If you take the project, it will produce net cash flows of $3,200,000 per year for the next 5 years. If the appropriate discount rate for the project is 15 percent, what is the profitability index of the project and should the project be accepted? round to 2 decimals
Group of answer choices
0.85, yes
1.51, yes
1.25, no
0.05, no
1.05, yes

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