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please show work A project has an initial outlay of $1,500. It has a single payoff at the end of year 6 of $6,192. What
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A project has an initial outlay of $1,500. It has a single payoff at the end of year 6 of $6,192. What is the profitability index (PI) of the project, if the company's cost of capital is 11.36 percent? Round the answer to two decimal places Step by Step Solution
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
