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Kingbird Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows $100000 110000 $140000 130000

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Kingbird Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows $100000 110000 $140000 130000 $180000 220000 Using the profitability index, how many of the projects are acceptable? 2

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