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Company X is currently considering a project that will produce cash inflows of $9,000 a year for two years followed by $6,500 a year for

Company X is currently considering a project that will produce cash inflows of $9,000 a year for two years followed by $6,500 a year for three more years. The cost of the project is $25,000. What is the profitability index if the discount rate is 8 percent?

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