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A project has an initial outlay of $1,412. It has a single payoff at the end of year 3 of $6,403. What is the profitability

A project has an initial outlay of $1,412. It has a single payoff at the end of year 3 of $6,403. What is the profitability index (PI) of the project, if the company's cost of capital is 9.66 percent? Round the answer to two decimly places. Your

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