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Nelsons Industrial Supply is considering a project that has projected cash inflows of $8,200 a year for 4 years. The initial cost of the project

Nelsons Industrial Supply is considering a project that has projected cash inflows of $8,200 a year for 4 years. The initial cost of the project is $24,000 and the required return is 14.25 percent. Should this project be accepted based on the profitability index criterion? Why or why not?

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