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Assume there is a project where the firm will initially invest $215,000 to receive $54,000 at Year 1, $45,000 at Year 2, $53,000 at Year

Assume there is a project where the firm will initially invest $215,000 to receive $54,000 at Year 1, $45,000 at Year 2, $53,000 at Year 3, $75,000 at Year 4, $50,500 at Year 5, and $50,500 at Year 6. If the interest/discount rate is 10.35%, what is the profitability index? Group of answer choices 1.11 0.92 1.10 1.09

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