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Profitability Index A project has an initial cost of $65,000, expected net cash inflows of $13,000 per year for 10 years, and a cost of

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Profitability Index A project has an initial cost of $65,000, expected net cash inflows of $13,000 per year for 10 years, and a cost of capital of 9%. Winat is the pioject's PI? (HintIBegin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal piaces

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