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(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project...

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Accounting

(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $47,000. No other cash outflows would be required. The present value of the cash inflows would be $55,930. The profitability index of the project is closest to:

1.19

0.81

0.19

0.16

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