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A firm is reviewing a project that has an initial cost of $53,608. The project will produce annual cash inflows, starting with Year 1, of
A firm is reviewing a project that has an initial cost of $53,608. The project will produce annual cash inflows, starting with Year 1, of $17,383, $17,162, and finally in Year 3, $24,538. What is the profitability index if the discount rate is 8 percent?
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