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Jefferson Smyth proposes an investment in a new plunging machine. The initial investment (in 000s) is 680. What is the profitability index of this proposal,

Jefferson Smyth proposes an investment in a new plunging machine. The initial investment (in 000s) is 680. What is the profitability index of this proposal, assuming that forecast net cash inflows (in 000s) in years 1 through 4 are 380, 280, 312, and 332, respectively? The discount rate is 16 percent

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