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A firm is reviewing a project that has an initial cost of $60,000. The project will produce cash inflows, starting with year 1 , of

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A firm is reviewing a project that has an initial cost of $60,000. The project will produce cash inflows, starting with year 1 , of $10,000,$20,000,$30,000, and finally in year 4,$40,000. What is the profitability index if the discount rate is 10 percent? 1.26 1.46 1.02 1.64

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