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A project is expected to provide cash flows of $12,150, $12,600, $15,700, and $10,200 over the next four years, respectively. At a required return of
A project is expected to provide cash flows of $12,150, $12,600, $15,700, and $10,200 over the next four years, respectively. At a required return of 8.5 percent, the project has a profitability index of .898. For this to be true, what is the project's cost at Time 0? Multiple Choice $46,273 $42,417 $31,717 Insufficient information. $37,315
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