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The Black Horse is currently considering a project that will produce cash inflows of $ 1 1 , 0 0 0 a year for two

The Black Horse is currently considering a project that will produce cash inflows of $11,000 a year for two years followed by $6,500 in Year 3. The cost of the project is $28,000. What is the profitability index if the discount rate is 9 percent? A.0.85 B.1.09 C.0.87D.1.12E.1.04

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