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The management of Leitheiser Corporation is considering a project that would require an initial investment of $54,000. No other cash outflows would be required.

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The management of Leitheiser Corporation is considering a project that would require an initial investment of $54,000. No other cash outflows would be required. The present value of the cash inflows would be $81,830. The profitability index of the project is closest to (Ignore income taxes.): Multiple Choice 1.52 0.52 0.34 0.48

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