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I am unsure what the profitability Index would be here? Based on the cash flows given below, calculate the PI of a project that has
I am unsure what the profitability Index would be here?
Based on the cash flows given below, calculate the PI of a project that has a required rate of return of12percent. Also, indicate whether the project should be accepted.(Round answer to 2 decimal places, e.g. 25.25.)
Year 0:-$83,000
Year 1:$22,000
Year 2:$38,000
Year 3:-$14,000
Year 4:$110,000
Calculate the PI
Accept project: Yes OR No
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