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Consider a project with the following cash flows. Year Cash Flows ( $ ) 0 - 3 0 0 , 0 0 0 1 1

Consider a project with the following cash flows.

Year Cash Flows

(

)

0 - 300, 000

1 180, 000

2 180, 000

The discount rate for the projects is

8 % .

What is the profitability index of this project?

Please write your answer in two decimal places.

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