Question
IBM is planning to produce an expert system based on artificial intelligence and expects the following cash flows (in $ million) at the end
IBM is planning to produce an expert system based on artificial intelligence and expects the following cash flows (in $ million) at the end of each year: Year Cash flow -62 1 10 2 15 3 20 4 30 The company requires a return of 9% from this project. Part 1 - Attempt 2/3 for 8 pts. What is the project's profitability index?
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