Question
Profitability Index A project has an initial cost of $38,400, expected net cash inflows of $11,000 per year for 10 years, and a cost of
Profitability Index A project has an initial cost of $38,400, expected net cash inflows of $11,000 per year for 10 years, and a cost of capital of 11%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
