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Tamarisk Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows $90000 $130000 $170000 100000

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Tamarisk Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows $90000 $130000 $170000 100000 120000 210000 Using the profitability index, how many of the projects are acceptable? 1 3

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