Assume a Project Has Cash Flows of -$54,300, $18,200, $37,300

Multiple Choice

Assume a project has cash flows of -$54,300, $18,200, $37,300, and $14,300 for Years 0 to 3, respectively. What is the profitability index given a required return of 12.6 percent?

A) .946
B) .98 
C) 1.02
D) 1.06 
E) 1.00