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Irwin Industries is currently considering a project that will produce cash inflows of $91,000 a year for two years followed by $64,000 a year for

Irwin Industries is currently considering a project that will produce cash inflows of $91,000 a year for two years followed by $64,000 a year for three more years. The cost of the project is $227,000. What is the profitability index if the discount rate is 11.3 percent?

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