Question
Problem 10-4 Profitability Index A project has an initial cost of $59,850, expected net cash inflows of $13,000 per year for 7 years, and a
Problem 10-4
Profitability Index
A project has an initial cost of $59,850, expected net cash inflows of $13,000 per year for 7 years, and a cost of capital of 9%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
