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A project requires an investment of $1,400 and has a net present value of $400. If the internal rate of return is 11%, what is

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A project requires an investment of $1,400 and has a net present value of $400. If the internal rate of return is 11%, what is the profitability index for the project? (Round your answer to 2 decimal places.) a) 2.52 b) 0.49 c) 0.11 d) 1.29

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