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An investment project requires a net investment of $ 1 1 5 , 0 0 0 . The project is expected to generate annual net

An investment project requires a net investment of $115,000. The project is expected to generate annual net cash inflows of $21,000 for the next 6 years. The firm's cost of capital is 13.2 percent. Determine the profitability index for the project (give the symbol and two decimals in your answer). Based on the figure you calculated should you accept or reject the project?
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