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A project has the following cash flows.Year Cash flows 1 3 0 0 , 0 0 0 2 4 0 0 , 0 0 0

A project has the following cash flows.Year Cash flows1300,0002400,0003700,0004400,000If the required rate of return is 9% and tax project initial cost is 1,500,000 Ksh. Calculate profitability index and advice if the project is acceptable.

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