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A project will cost $20,000 and is expected to produce cash flows of $10,000, $8,000, and $5.000 at the end of each of the first

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A project will cost $20,000 and is expected to produce cash flows of $10,000, $8,000, and $5.000 at the end of each of the first three years, respectively. If the cost of capital is 7%, what is the project's profitability index? Round your answer to the nearest hundredth (i.e., two numbers after the decimal)

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