part a: You have the following information on a project's cash flows. The project's required rate is
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part a: You have the following information on a project's cash flows. The project's required rate is 12%.
| Year | Cash flows |
| 0 | -$ 89 ,000 |
| 1 | 23,000 |
| 2 | 28,000 |
| 3 | 32 ,000 |
| 4 | 64 ,000 |
The project's profitablity index is ____ . Round it to two decimal places.
part b:
You have the following information on a project's cash flows.
| Year | Cash flows |
| 0 | -$120,000 |
| 1 | 33,000 |
| 2 | 33,000 |
| 3 | 36,000 |
| 4 | 68,000 |
| 5 | 55,000 |
The project's payback is ____ years. Round it to two decimal places.
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