Question
Profitability Index A project has an initial cost of $55,200, expected net cash inflows of $9,000 per year for 10 years, and a cost of
Profitability Index
A project has an initial cost of $55,200, expected net cash inflows of $9,000 per year for 10 years, and a cost of capital of 14%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
