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John's company is considering the following project: Project A requires an initial investment of $200,000 and generates the following cash flows: $89926 in year 1,$1816

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John's company is considering the following project: Project A requires an initial investment of $200,000 and generates the following cash flows: $89926 in year 1,$1816 in year 2,$52356 in year 3,$73943 in year 4 and \$87786 in year 5. The appropriate discount rate for the project is 9%. Calculate the profitability index for the project. (Do not include \%, comma, or any other text in the answer. Round your answer up to 2 decimal places.)

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