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The Black Horse is currently considering a project that will produce cash inflows of $11,251 a year for three years followed by $5,921 in year

The Black Horse is currently considering a project that will produce cash inflows of $11,251 a year for three years followed by $5,921 in year 4. The cost of the project is $30,390. What is the profitability index if the discount rate is 5 percent?

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