Question
Problem 10-04 Profitability Index A project has an initial cost of $42,825, expected net cash inflows of $13,000 per year for 8 years, and a
Problem 10-04 Profitability Index
A project has an initial cost of $42,825, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 14%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
