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Indigo Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the

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Indigo Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each: Indigo Company uses a discount rate of 9% to evaluate both projects. Calculate the profitability index for each project. (Round answers to 2 decimal places, e.g. 15.25.)

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