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Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 8.86 percent. The initial outlay is $303,944.

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Find the profitability index (PI) for the following series of future

cash flows, assuming the company’s cost of capital is 8.86 percent. The initial outlay is $303,944.
Year 1: $133,116
Year 2: $194,895
Year 3: $136,019
Year 4: $132,562
Year 5: $135,645
Round the answer to two decimal places. How is this done in excel? what formula do i use?

 
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