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Nelson's Industrial Supply is considering a project that has projected cash inflows of $ 7 , 2 0 0 a year for 4 years. The

Nelson's Industrial Supply is considering a project that has projected cash inflows of
$7,200 a year for 4 years. The initial cost of the project is $21,000 and the required
return is 11.25 percent. Should this project be accepted based on the profitability index
criterion? Why or why not?
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