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Dauphine Company is contemplating an investment in a project with a 3-year life span. The initial investment is $45180 and annual cash inflows were $21000

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Dauphine Company is contemplating an investment in a project with a 3-year life span. The initial investment is $45180 and annual cash inflows were $21000 for year 1 ; $24000 for year 2 ; and $27000 for year 3 . The salvage value is $0 and straight-line depreciation will be used. Assuming a 15% required rate of return, what is the potential investment's profitability index? 2.2. 1.98. 1.6. 2.18

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