Question
A project has an initial outlay of $1,047. The project will generate cash flows of $476 in Years 1-4. What is the profitability index
A project has an initial outlay of $1,047. The project will generate cash flows of $476 in Years 1-4. What is the profitability index (PI) of this project? Assume an interest rate of 19%. Note: Enter your answer rounded off to two decimal points.
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
978-0134674681
