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A machine will cost $2,520 to buy and is expected to yield profits of $520 per year for 6 years. What is the profitability index?

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A machine will cost $2,520 to buy and is expected to yield profits of $520 per year for 6 years. What is the profitability index? Assume a cost of capital of 11%. The profitability index is (Round to three decimal places.)

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