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Profitability Index A project has an initial cost of $55,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of

Profitability Index A project has an initial cost of $55,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capital of 10%. What is the project's PI (Hint: Begin by constructing a timeline.) Do not round intermediate calculations. Round your answer to two decimal places

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