Question
Profitability Index A project has an initial cost of $71,475, expected net cash inflows of $12,000 per year for 8 years, and a cost of
Profitability Index
A project has an initial cost of $71,475, expected net cash inflows of $12,000 per year for 8 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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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
