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eBook Problem 10-04 Profitability Index A project has an initial cost of $45,225, expected net cash inflows of $8,000 per year for 7 years, and

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Problem 10-04 Profitability Index

A project has an initial cost of $45,225, expected net cash inflows of $8,000 per year for 7 years, and a cost of capital of 12%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.

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