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Consider the following project net cash flows, in years 0 through 3 respectively: $-1,000, $433, $477, and $562. The cost of capital is 10%. The
Consider the following project net cash flows, in years 0 through 3 respectively: $-1,000, $433, $477, and $562. The cost of capital is 10%. The Profitability Index is - Be sure to see your class notes for the definition we are using for this measure. Margin of error for correct responses: +/-.01. Rounding and Formatting instructions: Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is.1234567, you should enter.12)
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