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MC algo 9-25 Calculating Profitability Index A project with an initial cost of $62,400 is expected to provide annual cash flows of $12,900 over the

image text in transcribed MC algo 9-25 Calculating Profitability Index A project with an initial cost of $62,400 is expected to provide annual cash flows of $12,900 over the 7-year life of the project. If the required return is 8.1 percent, what is the project's profitability index? Multiple Choice .983 .894 1.207

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