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12-6: Profitability Index (PI) Problem 12-4 Profitability Index A project has an initial cost of $62,575, expected net cash inflows of $14,000 per year for

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12-6: Profitability Index (PI) Problem 12-4 Profitability Index A project has an initial cost of $62,575, expected net cash inflows of $14,000 per year for 8 years, and a cost of capital of 8%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places

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