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10. A project with an initial cost of $31,800 is expected to provide cash flows of $12,600, $12,900, $16,000, and $10,500 over the next four

10. A project with an initial cost of $31,800 is expected to provide cash flows of $12,600, $12,900, $16,000, and $10,500 over the next four years, respectively. If the required return is 8.8 percent, what is the project's profitability index?

1.222

1.500

1.333

0.750

1.111

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