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the black horse is currenlty consdiering a project that will produce cash inflows of $ 1 2 , 0 0 0 a year for three

the black horse is currenlty consdiering a project that will produce cash inflows of $12,000 a year for three consecutive years followed by a cashflow of $6,500 in year four. the cost of the project is $36,000. should the firm pursue the project according to the profitablity index if the discount rate is 5 per cent?

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