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2-22 A three year project costs $26,000 and produces $12,000 cash flows at the end of each of the following three years. Based on the

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A three year project costs $26,000 and produces $12,000 cash flows at the end of each of the following three years. Based on the profitability index rule, should this project be accepted if the discount rate is 10%? Why or why not? A No; because the PL is 0.97 B No; because the PL is 1.15 Yes, because the Plis 0.97 D Yes; because the Pl is 1.15

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