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A machine will cost $3,000 to buy and is expected to yield profits of $250 per year for ten years. What is the profitability index
A machine will cost $3,000 to buy and is expected to yield profits of $250 per year for ten years. What is the profitability index if the cost of capital is 11%?
a.0.49
b.+0.49
c+2.04
d.2.04
e.None of the above
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