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The management of Leitheiser Corporation is considering a project that would require an initial investment of $ 4 2 , 0 0 0 . No

The management of Leitheiser Corporation is considering a project that would require an initial investment of $

42, 000 .

No other cash outflows would be required. The present value of the cash inflows would be $

54, 830 .

The profitability index of the project is closest to

(

Ignore income taxes.

)

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