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A company is deciding between two projects. Project A has a NPV of $350,000 and an ICO of $2,000,000. Project B has a NPV of

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A company is deciding between two projects. Project A has a NPV of $350,000 and an ICO of $2,000,000. Project B has a NPV of $250,000 and an ICO of $1,000,000. What is the Profitability Index (PI) of Project A? 1.175 O .175 .148 1.25

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