What is the profitability index for an investment with the following cash flows given a 14.5 percent required return? The cash flows, in order, are -$46,500 (initial cost), $12,200 (year 1 CF), $38,400 (year 2 CF), $11,300 (year 3 CF).
A) -0.06 B) -0.02 C) 0.02 D) 0.06 E) 0.11