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If a project costing $ 78000 has a profitability index of 1 and the discount rate was 12 %, then the present value of the

If a project costing $78000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net cash flows was

undeterminable.

less than $78000.

$78000.

greater than $78000.

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