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Kuntz Company has a project that requires an initial investment of $32,800 and has the following expected stream of cash flows: Year 1-25,000 Year 2-20,000
Kuntz Company has a project that requires an initial investment of $32,800 and has the following expected stream of cash flows: Year 1-25,000 Year 2-20,000 Year 3-10,000 Required Assuming the company's cost of capital is 12 percent, what is the profitability index for the project? (Round to one decimal place.)
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