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A project under review at your company requires an initial outlay of $1,000,000 and it has a 35-year life. The annual inflows it provides are

A project under review at your company requires an initial outlay of $1,000,000 and it has a 35-year life. The annual inflows it provides are $60,000, but there is a $500,000 cost at the end of the projects life to close it down properly. The firms discount rate for projects is 6%....

What is the projects profitability index?

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