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Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 10.3%. Year Project X Project Y

Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 10.3%. Year Project X Project Y 0 $-1,267 $-2,118 1 517 965 933 2,114 3 806 1.325 What is the Profitability Index of project X? (Round answer to 2 decimal places. Do not round intermediate calculations)

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