Question
(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $68,000. No other
(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $68,000. No other cash outflows would be required. The present value of the cash inflows would be $89,080. The profitability index of the project is closest to:
0.24
0.31
0.69
1.31
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
