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Question 2 (1 point) Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 5.41 percent. What
Question 2 (1 point) Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 5.41 percent. What is the Pl of a project if the initial costs are $1,850,477 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $675,975 per year at the end of the year. Round the answer to two decimal places. Your
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