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43. A capital budgeting project has a net investment of $350,000 and is expected to generate net cash flows of $75,000 annually for 9 years.
43. A capital budgeting project has a net investment of $350,000 and is expected to generate net cash flows of $75,000 annually for 9 years. What is the profitability index at a 11% required rate of return? Use two decimal places for intermediate calculations.
Group of answer choices
1.04
1.19
2.22
0.88
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