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6 A new product has start-up costs of $389,200 and projected cash flows of $102,000, $187,500, and $245,000 for Years 1 to 3, respectively. What

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6 A new product has start-up costs of $389,200 and projected cash flows of $102,000, $187,500, and $245,000 for Years 1 to 3, respectively. What is the profitability index given a required return of 14 percent? (2017) S2 JUU FO

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