Question
A project has an initial outlay of $1,535. The project will generate cash flows of $670 in Years 1-4. What is the profitability index (PI)
A project has an initial outlay of $1,535. The project will generate cash flows of $670 in Years 1-4. What is the profitability index (PI) of this project? Assume an interest rate of 17%.
Enter your answer rounded off to two decimal points.
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
