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A project requires an investment of $1,500 and has a net present value of $300. If the IRR is 9%, what is the profitability index

A project requires an investment of $1,500 and has a net present value of $300. If the IRR is 9%, what is the profitability index for the project?

A. 1.20

B. 2.43

C. 0.09

D. 0.40

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