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Norton Company is considering two alternative projects. Project 1 requires an initial imvestment of $800,000 and has a present value of all its cash flows

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Norton Company is considering two alternative projects. Project 1 requires an initial imvestment of $800,000 and has a present value of all its cash flows of $2,200,000. Project 2 requkes an indial investment of $4,000,000 and has a present value of all its cash flows of $6,000,000. The profitability index for Project t is: Multiple Choice 150 0.67 2.75 Meiflgie Chorr 1.50 06. 2.75 036 2.65

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