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Question 11 10 pts Gaylen Howe Oil Financing has a proposed project that has an initial investment of $277,000. The required rate of return is

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Question 11 10 pts Gaylen Howe Oil Financing has a proposed project that has an initial investment of $277,000. The required rate of return is 8 percent. Cash flows at the end of years 1, 2, & 3 are $100,000 $200.000, and $150,000, respectively. The NPV is $106,136. What is the Profitability Index of this project? O 0.5 O 2.89 O 138 1.0

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