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A project for Bellevue Co. is expected to provide cash flows of $9,700,$12,700, $12,800, and $12,700 over the next four years, respectively. At a required
A project for Bellevue Co. is expected to provide cash flows of $9,700,$12,700, $12,800, and $12,700 over the next four years, respectively. At a required return of 13.1%, the project has a profitability index of 1.01 . For this to be true, what is the project's initial cost at Time 0 ? Answer the question according to the following example. If the initial cost is 3,280.776, round it to two decimals: 3,280.78. Precision will be enforced to earn points. A project for Bellevue Co. is expected to provide cash flows of $9,700,$12,700, $12,800, and $12,700 over the next four years, respectively. At a required return of 13.1%, the project has a profitability index of 1.01 . For this to be true, what is the project's initial cost at Time 0 ? Answer the question according to the following example. If the initial cost is 3,280.776, round it to two decimals: 3,280.78. Precision will be enforced to earn points
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