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24. If a project costing $85000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net

24. If a project costing $85000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net cash flows was

a) less than $85000.

b) undeterminable.

c) $85000.

d) greater than $85000.

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