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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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