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A project costs $12 and has a discount rate of 11.9%. Calculate the profitability index of the project that has cash flows of $2,500 per
A project costs \$12 and has a discount rate of 11.9%. Calculate the profitability index of the project that has cash flows of $2,500 per year in years 1 and 2and $4000 per year in years 3, 4 and 5.
A. 0.82
B. 1.01
C. 0.99
D. 0.94
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