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A project with an initial cost of $54,000 is expected to provide annual cash flows of $8,200 over the 9 -year life of the project.

image text in transcribed A project with an initial cost of $54,000 is expected to provide annual cash flows of $8,200 over the 9 -year life of the project. If the required return is 8.4 percent, what is the project's profitability index? Multiple Choice .933 1.072 .855 .778 1.050

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