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A project has outflows of $100,000 today, $100,000 in one year, and $50,000 in two years. It is then projected to generate annual inflows of
A project has outflows of $100,000 today, $100,000 in one year, and $50,000 in two years. It is then projected to generate annual inflows of $50,000 for 10 years starting three years from today (end of year 3). Cost of capital is 13%. What is this project's PI? Round to two decimal places.
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