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29 4 pts Cleaners, Inc is considering purchasing equipment costing $60,000 with a 6-year useful life. The equipment will provide cost savings of $15,916 and
29 4 pts Cleaners, Inc is considering purchasing equipment costing $60,000 with a 6-year useful life. The equipment will provide cost savings of $15,916 and will be depreciated straight-line over its useful Wife wit no salvage value. Cicaners requires a 10% rate of return. Present Value of an Annuity of Period 6 8% 9% 10% 11% 12% 13% 4.623 4.486 3.784 What is the approximate profitability index associated th this equipment? Round your answer to 2 decimal places
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