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(show step by step calculation and formula, don't use excel or fina calaulator) What is the profitability index for the following set of cash flows

  1. (show step by step calculation and formula, don't use excel or fina calaulator) What is the profitability index for the following set of cash flows if the relevant discount rate is 8 percent? What if the discount rate is 25 percent?

Year

Cash Flow

0

-$15,100

1

7,600

2

6,800

3

6,900

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