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A project is expected to provide cash flows of $11,850, $12,400, $15,500, and $10,000 over the next four years, respectively. At a required return of
A project is expected to provide cash flows of $11,850, $12,400, $15,500, and $10,000 over the next four years, respectively. At a required return of 8.3 percent, the project has a profitability index of .709. For this to be true, what is the project's cost at Time 0?
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