Question
Profitability Index A project has an initial cost of $53,375, expected net cash inflows of $15,000 per year for 10 years, and a cost of
Profitability Index
A project has an initial cost of $53,375, expected net cash inflows of $15,000 per year for 10 years, and a cost of capital of 14%. 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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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
11th Global Edition
1292094184, 978-1292094182
