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Irwin Industries is currently considering a project that will produce cash inflows of $77,000 a year for two years followed by $79,000 a year for

Irwin Industries is currently considering a project that will produce cash inflows of $77,000 a year for two years followed by $79,000 a year for three more years. The cost of the project is $257,000. What is the profitability index if the discount rate is 9.6 percent?

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