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Flo's Flowers has a project costing $40,000 and cash flows of $8,500, $15,600, and $22,700 for Years 1 to 3, respectively. Based on the profitability

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Flo's Flowers has a project costing $40,000 and cash flows of $8,500, $15,600, and $22,700 for Years 1 to 3, respectively. Based on the profitability index rule, should the project be accepted if the discount rate is 9.5 percent? Why or why not? No: because the PI is .95 Yes: because the PI is 1.03 Yes: because the PI is negative Yes: because the PI is .95 No: because the PI is 1.03

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