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Kimmel, Accounting, 6e nd Time: 06:29 PM / Remaining: 116 min. Multiple Choice Question 101 Pina Colada Inc. is comparing several alternative capital budgeting projects

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Kimmel, Accounting, 6e nd Time: 06:29 PM / Remaining: 116 min. Multiple Choice Question 101 Pina Colada Inc. is comparing several alternative capital budgeting projects as shown below: Projects $128000 118000 $88000 98000 Initial investment Present value of net cash flows $168000 208000 Using the profitability index, how many of the projects are acceptable? O 3 O 1 Oo O2 Click if you would like to Show Work for this question: Open Show Work

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