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Pharoah Inc. is comparing several alternative capital budgeting projects as shown below: Initial investment Present value of net cash flows 0 0 1 A

Pharoah Inc. is comparing several alternative capital budgeting projects as shown below: Initial investment 

Pharoah Inc. is comparing several alternative capital budgeting projects as shown below: Initial investment Present value of net cash flows 0 0 1 A 02 0 3 $110000 120000 Projects B C $150000 $190000 140000 Using the profitability index, how many of the projects are acceptable? 230000

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