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Question 4 5 pts Clyde has the opportunity to purchase a large building for $651,626. He will need to spend additional $102,079 to renovate and

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Question 4 5 pts Clyde has the opportunity to purchase a large building for $651,626. He will need to spend additional $102,079 to renovate and convert to an upscale dinning establishment. He estimates the following after tax cashflows. Year 6 cashflow includes the terminal value of the venture. What is the profitability index the venture if Clyde's cost of capital is 12% (round to 2 decimal places). Year Cash-flows 1 157,642 172,812 2 3 4 181,885 195,000 5 112,788 6 687,249 5 pts

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