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A project that has a life of 6 years will cost $2,900. It will generate cashflows of $370 each year over its life. If the

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A project that has a life of 6 years will cost $2,900. It will generate cashflows of $370 each year over its life. If the company uses a discount rate of 4.24% to evaluate this project, what is the profitability index (Pl)? YOUR ANSWER SHOULD HAVE 2 DECIMAL PLACES. DO NOT USE ANY UNITS OR COMMAS. Your Answer: : Answer Next Page Page 8 of 10

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