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Sinan is considering a short term investment with the following cash flows. Given 6 percent is Sinan's required return, what is the project's profitability index?

Sinan is considering a short term investment with the following cash flows. Given 6 percent is Sinan's required return, what is the project's profitability index? Year 0 1 Cash Flow -$21,000 7,700 10,000 9,400 2 3 Multiple Choice 0.77 115 106

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