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A project with an initial cost of $29,700 is expected to provide cash flows of $9,450, $10,800, $13,900, and $8,400 over the next four years,
A project with an initial cost of $29,700 is expected to provide cash flows of $9,450, $10,800, $13,900, and $8,400 over the next four years, respectively. If the required return is 8.2 percent, what is the project's profitability index?
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