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Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the Pl for the company's project, assuming the
Good Morning Food, Inc. is using the profitability index (PI) when evaluating projects. You have to find the Pl for the company's project, assuming the company's cost of capital is 6.14 percent. The initial outlay for the project is $461,099. The project will produce the following end-of-the-year after-tax cash inflows of Year 1: $197,801 Year 2: $65,099 Year 3: $379,303 Year 4: $208,287 Round the answer to two decimal places. Your
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