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A project requires an investment of $1,200 and has a net present value of $500. If the internal rate of return is 13%, what is

A project requires an investment of $1,200 and has a net present value of $500. If the internal rate of return is 13%, what is the profitability index for the project? (Round your answer to 2 decimal places.)

Multiple Choice

0.13
0.62
1.42
2.65

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