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Based on the Profitability Index (PI) Rule, Should a Project

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Based on the profitability index (PI) rule, should a project with the following cash flows be accepted if the discount rate is 8%? Why or why not?  Year  Cash Flow 0$18,6001$10,0002$7,3003$3,700\begin{array} { c c } \underline{\text { Year }} &\underline{ \text { Cash Flow }} \\ 0 & - \$ 18,600 \\1 & \$ 10,000 \\2 & \$ 7,300 \\3 & \$3,700\end{array}


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