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A company is planning to invest into a new three-year project with the initial investment of $13,639. All subsequent cash flows are positive and occur

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A company is planning to invest into a new three-year project with the initial investment of $13,639. All subsequent cash flows are positive and occur at the end of each respective year. Year 1 cash flow is $6,838. Year 2 cash flow is $6,464. Cash flow in the third year is $5,339. Using a discount rate of 8.99%, what is the profitability index of the project? 1.103 1.132 1.161 1.190 1.219

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