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Harold buys a machine for his business. The machine costs $154,000. Harold estimates that the machine can produce a $46,000 cash inflow per year for

Harold buys a machine for his business. The machine costs $154,000. Harold estimates that the machine can produce a $46,000 cash inflow per year for the next seven years. Andrei's cost of capital is 8 percent. What is the approximate profitability index for this investment?

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