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Hook Industries is considering a replacement for one of its old metal stamping machines. Cash flows associated with this project are presented below. The firm's

image text in transcribed Hook Industries is considering a replacement for one of its old metal stamping machines. Cash flows associated with this project are presented below. The firm's cost of capital is 15%. Answer the following questions: 1. Report the profitability index (PI) for this project. 2. Explain whether the company accept this project

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