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Profitability Index A project has an initial cost of $55,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of

Profitability Index A project has an initial cost of $55,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of 8%. What is the project's PI? ( Hint: Begin by const...

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