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A project is expected to last ten years with an initial cost of $10,000.00. Assuming the present value payback method produces a value of 7.25

A project is expected to last ten years with an initial cost of $10,000.00. Assuming the present value payback method produces a value of 7.25 years and there are no additional costs beyond the initial cost, the PI is ____.

a. undetermined

b. greater than 1.0

c. equal to 1.0

d. less than 1.0

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