Question
The management of Lester Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The
The management of Lester Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The present value of the cash inflows would be $57,630. The profitability index of the project is:
a. 1.13.
b. 0.87.
c. 0.13.
d. 0.12.
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Operational Auditing Principles And Techniques For A Changing World
Authors: Hernan Murdock
2nd Edition
1000388247, 9781000388244
