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A project manager wants to invest in a project with an initial cost of $50,000 and cash flows of $32,500 and $30,000 in Years 2

A project manager wants to invest in a project with an initial cost of $50,000 and cash flows of $32,500 and $30,000 in Years 2 and 3. The discount rate is 12%. What is the project's PI?

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