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A project requires an investment of $1,000 and has a net present value of $500. If the internal rate of return is 12%, what is

A project requires an investment of $1,000 and has a net present value of $500. If the internal rate of return is 12%, what is the profitability index for the project? (Round your answer to 2 decimal places.) Muitiple Choice 150 2.73 0.12 0.70

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