Question
(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $60,000. No other
(Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $60,000. No other cash outflows would be required. The present value of the cash inflows would be $73,800. The profitability index of the project is closest to:
a. 1.23
b. 0.19
c. 0.77
d. 0.23
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
