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Hello, can anybody help me explain step by step this problem? 9) What is the PI of a project with an NPV of $11,000 and

Hello, can anybody help me explain step by step this problem?

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9) What is the PI of a project with an NPV of $11,000 and initial outlay of $16,000? A) 1.06 B) 1.21 C) 1.44 D) 1.69

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