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The Black Horse is currently considering a project that will produce cash inflows of $11,000 a year for three years followed by $6, 500 in

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The Black Horse is currently considering a project that will produce cash inflows of $11,000 a year for three years followed by $6, 500 in Year 4. The cost of the project is $38,000. What is the profitability index if the discount rate is 9 percent? A. 85 B. 93 C. 1.04 D. 1.09 E. 1.12

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