The following information is available for a potential investment for Panda Company Initial investment $93,333 Net annual cash inflow 22,429 Net present value 30,478 Salvage value 10,000 Useful life 10 years The potential investment's profitability index is FORMAT Round all calculations to two decimal places Your answer should be a positive number rounded to two decimal places Answer should be 0 33 0 05 Please answer in DETAIL on how to arrive at this answer

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The following information is available for a potential investment for Panda Company: Initial investment $93,333 Net annual cash inflow 22,429 Net present value 30,478 Salvage

The following information is available for a potential investment for Panda Company:

Initial investment	$93,333
Net annual cash inflow	22,429
Net present value	30,478
Salvage value	10,000
Useful life	10 years

The potential investment's profitability index is _______________.

FORMAT: Round all calculations to two decimal places. Your answer should be a positive number rounded to two decimal places.

Answer should be 0.33 0.05. Please answer in DETAIL on how to arrive at this answer.

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