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A project has an initial investment of $196,000 and will generate 5 annual cash flows of $57,800. Assume a cost of capital of 15.1%. Calculate

A project has an initial investment of $196,000 and will generate 5 annual cash flows of $57,800. Assume a cost of capital of 15.1%. Calculate the profitability index (PI).

The present value of the cash inflows is $ (Round to the nearest cent.) The profitability index is (Round to two decimal places.)

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