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8. A project has an initial cost of $45,375, expected net cash inflows of $15,000 per...

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Finance

8. A project has an initial cost of $45,375, expected net cashinflows of $15,000 per year for 11 years, and a cost of capital of10%. What is the project's PI? Do not round your intermediatecalculations. Round your answer to two decimal places.

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8. A project has an initial cost of $45,375, expected net cashinflows of $15,000 per year for 11 years, and a cost of capital of10%. What is the project's PI? Do not round your intermediatecalculations. Round your answer to two decimal places.

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