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Question 4(1 point) A project has an initial outlay of $2,117. It has a single payoff at the end of year 9 of $8,303. What

Question 4(1 point)

A project has an initial outlay of $2,117. It has a single payoff at the end of year 9 of $8,303. What is the profitability index (PI) of the project, if the company's cost of capital is 14.45 percent?

Round the answer to two decimal places.

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