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Gold Mining, Inc. is using the profitability index ( PI ) when evaluating projects. Gold Mining's cost of capital is 5 . 3 0 percent.
Gold Mining, Inc. is using the profitability index PI when evaluating projects. Gold Mining's cost of capital is percent. What is the PI of a project if the initial costs are $ and the project life is estimated as years? The project will produce the same aftertax cash inflows of $ per year at the end of the year. Round to two decimal places.
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