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A project has an initial expense of $175,000 and a profitability index of 1.24. What was the Net Present Value (NPV) of this project?

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A project has an initial expense of $175,000 and a profitability index of 1.24. What was the Net Present Value (NPV) of this project? Assume there will be no investments made after the initial investment of $175,000.

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