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Solar Energy is currently examining a project that will produce cash inflows of $20,945 a year for two years followed by $12,981 in year 3.

Solar Energy is currently examining a project that will produce cash inflows of $20,945 a year for two years followed by $12,981 in year 3. The cost of the project is $38,445. What is the profitability index of the project if the discount rate is 13 percent?

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