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FutureBuild Corp. is considering a project that would have a start - up cost of $ 4 8 0 , 0 0 0 . Free

FutureBuild Corp. is considering a project that would have a start-up cost of $480,000. Free cash flow for the first year of operation would be $60,000; for the second year, it would be $135,000; for the third year it would be $265,000; for the fourth year, it would be $90,000; and for the fifth and final year, it would be $52,000 along with a salvage value of $7,000. FutureBuild Corp. discounts the free cash flows from new projects at its weighted average cost of capital, which is 8.30%.
The profitability index of the project is ______%.

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