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You have the following information on a project's cash flows. The project's required rate is 12%....

You have the following information on a project's cash flows. The project's required rate is 12%. Year Cash flows 0 -$ 80 ,000 1 23,000 2 28,000 3 38 ,000 4 92 ,000

The project's profitablity index is ____ . Round it to two decimal places.

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D4 for 1 2 - X A B C Year Cash flows PVIF@12% B 0 $ (80,000) 1.000 1 $ 23,000 0.893 2 $ 28,000 0.797 3 $ 38,000 0.712 4 $ 92,

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