(Answered) You are offered an investment with returns of 2487 in year

Engineering

You are offered an investment with returns of $ 2,487 in year 1, $ 3,997 in year 2, and $ 5,478 in year 3. The investment will cost you $ 7,154 today. If the appropriate Cost of Capital (quoted interest rate) is 8.4 %, what is the Profitability Index of the investment? Enter your answer to the nearest .01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the - sign.

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Computer Engineering, Engineering

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