Question
A project has a net present value of $30,000, using a discount rate of 12%. If the profitability index is 0.20 the initial investment is
A project has a net present value of $30,000, using a discount rate of 12%. If the profitability index is 0.20 the initial investment is closest to:
a.$600,000
b.$360,000
c.$150,000
d.$250,000
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
