Question
Find the profitability index (PI) for the following series of future cash flows, assuming the companys cost of capital is 11.75 percent. The initial outlay
Find the profitability index (PI) for the following series of future cash flows, assuming the companys cost of capital is 11.75 percent. The initial outlay is $323,955.
Year 1: $173,107
Year 2: $168,584
Year 3: $197,292
Year 4: $179,973
Year 5: $141,920
Round the answer to two decimal places.
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
