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Please anwser briefly - (QUESTION 1) As you know, our firm uses NPV for capital budgeting. I have heard that PI (profitability index) is a

Please anwser briefly

- (QUESTION 1) As you know, our firm uses NPV for capital budgeting. I have heard that PI (profitability index) is a useful capital budgeting technique. What is PI? What is the PI rule? How different are the NPV rule and PI rule from each other? Please explain briefly.

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