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Question 7: Practice The Robb Computer Corporation is trying to choose between the following two mutually exclusive design projects. If the required return is 10

Question 7: Practice

The Robb Computer Corporation is trying to choose between the following two mutually exclusive design projects. If the required return is 10 percent, what is the profitability index of the second project (Cash Flow (II))? Answer: 1.554

Please show work with no excel! Thank you :)
Year Cash Flow () Cash Flow (II) -$ 30,000 18,000 18,000 18,000 $12.000 7,500 7,500 7,500

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