A project has an initial cost of $74,175, expected net cash inflows of $14,000 per year for 6 years, and a cost of capit

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A project has an initial cost of $74,175, expected net cash inflows of $14,000 per year for 6 years, and a cost of capit

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A project has an initial cost of $74,175, expected net cashinflows of $14,000 per year for 6 years, and a cost of capital of8%. What is the project's PI? (Hint: Begin byconstructing a time line.) Do not round intermediate calculations.Round your answer to two decimal places.
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