Based on the Profitability Index (PI)rule,should a Project with the Following

Multiple Choice

Based on the profitability index (PI) rule,should a project with the following cash flows be accepted if the discount rate is 8% ? Why or why not?
$\begin{array}{|l|l|}\hline \text { Year } & \text { Cash Flow } \\\hline 0& -£ 18,600 \\\hline 1 & £ 10,000 \\\hline 2 & £ 7,300 \\\hline 3 & £ 3,700\\\hline \end{array}$

A) yes; because the PI is 1.008
B) yes; because the PI is .992
C) yes; because the PI is .999
D) no; because the PI is 1.008
E) no; because the PI is .992