A new project will have an intial cost of $60,000. Cash flows from the project are expected to be $4,000,$8,000,$16,000, and $20,000,$24,000, and $32,000 over the next 6 years, respectively. Assuming a discount rate of 14%, what is the project's PI? 1.03 1.08 0.95 0.99 1.05