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A project has an initial investment of $200,000 and will generate 5 annual cash flows of $60,000. Assume a cost of capital of 15%. Calculate

A project has an initial investment of

$200,000

and will generate

5

annual cash flows of

$60,000.

Assume a cost of capital of

15%.

Calculate the profitability index (PI).

The present value of the cash inflows is

$nothing.

(Round to the nearest cent.)The profitability index is

nothing.

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