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A project with an initial investment of $40000 and a profitability index of 1.239 also has an internal rate of return of 12%. The present

A project with an initial investment of $40000 and a profitability index of 1.239 also has an internal rate of return of 12%. The present value of net cash flows is

$40000.

$44800.

$49560.

$32284.

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