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A project is expected to last for 4 years and has annual net cash inflows of $16710 per annum. The project's initial investment is $34719

A project is expected to last for 4 years and has annual net cash inflows of $16710 per annum. The project's initial investment is $34719 and the firm's weighted average cost of capital 12.4 percent. What is the project's profitability index? (Please round your answer to two (2) decimal places)

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