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11. Initial investment ($2,000,000). Cash flow in year 1-$400,000. Cash flow in year 2- $800,000. Cash flow in year 3- $1,200,000. The discount rate= 7%.

11. Initial investment ($2,000,000). Cash flow in year 1-$400,000. Cash flow in year 2- $800,000. Cash flow in year 3- $1,200,000. The discount rate= 7%. Calculate the profitability index (to 2 decimal places)

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