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A project has an initial investment of $95,000. Its four years cash inflows are estimated to be $21,000 in year 1, $23,000 in year 2,

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A project has an initial investment of $95,000. Its four years cash inflows are estimated to be $21,000 in year 1, $23,000 in year 2, $25,000 in year 3, and $27,000 in year 4. If the rate of return is 8%, find the project's Profitability Index. 0.38 Reject 0.83 Accept 1.83 Accept 0.83 Reject

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