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A company is considering a project with the following cash flows and a cost of capital of 12%. What is the profitability index of this

A company is considering a project with the following cash flows and a cost of capital of 12%. What is the profitability index of this project? Cost: $850 Year 1 cash flow: $300 Year 2 cash flow: $320 Year 3 cash flow: $340 Year 4 cash flow: $360 Group of answer choices

0.86

1.28

-1.17

1.17

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