Question
A project has the following cash flows: Year Cash Flows 0 -$241,000 1 147,500 2 165,000 3 130,100 The required return is 8.8 percent.
A project has the following cash flows: Year Cash Flows 0 -$241,000 1 147,500 2 165,000 3 130,100 The required return is 8.8 percent. What is the profitability index for this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16)
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
