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If the profitability index of a normal investment project is 0.5 and the initial investment required for the project is $2m, which of the below
If the profitability index of a normal investment project is 0.5 and the initial investment required for the project is $2m, which of the below statements is incorrect?
Group of answer choices
- The project has an NPV of $1m.
- The present value of cash inflows is $1m.
- The project is worthwhile.
- The present value of cash inflows is $3m.
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