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A project requires an initial investment of $120,000 and has a profitability index of 0.55. The discount rate is 10%. The net present value of
A project requires an initial investment of $120,000 and has a profitability index of 0.55. The discount rate is 10%.
The net present value of the project is closest to:
Multiple Choice
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$132,000
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$6,600
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$12,000
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$66,000
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