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A project requires an investment of $1,400 and has a net present value of $500. If the IRR is 12%, what is the profitability index

A project requires an investment of $1,400 and has a net present value of $500. If the IRR is 12%, what is the profitability index for the project? (Round your answer to 2 decimal places.)

2.59

0.56

0.12

1.36

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