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please help now!! 1.22 is not the correct answer and i only have one more shot to get it right!! please give me the correct
please help now!! 1.22 is not the correct answer and i only have one more shot to get it right!! please give me the correct answer!! thanks
Required information [The following information applies to the questions displayed below.] Cardinal Company is considering a five-year project that would require a $2,955,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 16%. The project would provide net operating income in each of five years as follows: Click here to view Exhibit 1281 and Exhibit 128-2, to determine the appropriate discount factor(s) using table. 5. What is the project profitability index for this project? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. EXHIBrT 12B-2. Present Value of an Annuity of $1 in Arrears: 21[1ti+F1] EXHIBIT 128-1 Present Value of 51: (1+)1 Step by Step Solution
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