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Eddie Corporation is considering the following three investment projects (Ignore income taxes.):Project CProject DProject EInvestment...

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Accounting

Eddie Corporation is considering the following three investment projects (Ignore income taxes.):

Project CProject DProject E
Investment required$ 12,000$ 51,000$ 96,000
Present value of cash inflows$ 13,830$ 69,630$ 110,960


Calculate the profitability index of investment project D .

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