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The Black Horse is currently considering a project that will produce cash inflows of $9,398 a year for three years followed by $17,062 in year

The Black Horse is currently considering a project that will produce cash inflows of $9,398 a year for three years followed by $17,062 in year 4. The cost of the project is $42,877. What is the profitability index if the discount rate is 7.11 percent? Answer to two decimals

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