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A project has an initial outlay of $3,727. It has a single payoff at the end of year 6 of $9,948. What is the profitability

A project has an initial outlay of $3,727. It has a single payoff at the end of year 6 of $9,948. What is the profitability index (PI) of the project, if the company's cost of capital is 8.22 percent?

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