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A project with an initial cost of $58,000 is expected to provide annual cash flows of $11,250 over the 7-year life of the project. If

A project with an initial cost of $58,000 is expected to provide annual cash flows of $11,250 over the 7-year life of the project. If the required return is 9.4 percent, what is the project's profitability index? Multiple Choice 1.038 .803 1.084 .883 .963

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