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A financial office has a project with the following cash flows: Year Cash...

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Finance

A financial office has a project with the following cash flows:

Year Cash Flows
0 $ 128,400
1 50,600
2 63,800
3 51,600
4 28,100

The required return is 8.9 percent. Given the above information what is the profitability index for this project?

Select one of the below choices:

1.040

1.002

.802

1.248

1.144

Answer & Explanation Solved by verified expert
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