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Please assist A project has an initial outlay of $4,600. It has a single payoff at the end of year 2 of $7,974. What is

Please assist

A project has an initial outlay of $4,600. It has a single payoff at the end of year 2 of $7,974. What is the profitability index (PI) of the project, if the company's cost of capital is 9.81 percent?

Round the answer to two decimal places.

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