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A project costs $19,000 and produces cash flows at the end of the following years of $10,000, $7,300, $3,700 respectively. Based on the profitability index

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A project costs $19,000 and produces cash flows at the end of the following years of $10,000, $7,300, $3,700 respectively. Based on the profitability index rule, should this project be accepted if the discount rate is 8%? Why or why not? Yes; because the Pl is 0.97 Yes; because the Pl is 1.11 Yes; because the Pl is 1.21 No; because the Plis 0.97 O No; because the Pl is 1.11

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