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Pharoah Co. is considering purchasing equipment that has an initial imvestment of $43000. The compamy's required rate of return is 128. Annual cost savings are

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Pharoah Co. is considering purchasing equipment that has an initial imvestment of $43000. The compamy's required rate of return is 128. Annual cost savings are projected to be $19000 for year 1,$15000 for year 2 , and $13000 for year 3 . What is the investments profitability index? 1.89 089 185 1B5

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