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Consider the following cash flows: Year 0=($34,000) &negative number Year 1=$15,000 Year 2=$17,500 Year 3=$19,000 1. Calculate the profitability index assuming a discount rate of

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Consider the following cash flows: Year 0=($34,000) \&negative number Year 1=$15,000 Year 2=$17,500 Year 3=$19,000 1. Calculate the profitability index assuming a discount rate of 12%. 2. Calculate the payback period. Round your answers to two decimal points

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