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Back to Assignment Attempt Keep the Highest 8. Problem 10-04 (Profitability Index) ebook Profitability Index A project has an initial cost of $50,000, expected net

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Back to Assignment Attempt Keep the Highest 8. Problem 10-04 (Profitability Index) ebook Profitability Index A project has an initial cost of $50,000, expected net cash inrows of $14,000 per year for 12 years, and a cost of capital of 10%. What is the projects (Hint: Begin by constructing a time tre) Do not round intermediate calculations. Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving

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