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The project has a $ 4 8 , 3 0 0 initial outlay, cash inflows of $ 1 7 , 5 8 0 per year

The project has a $

48, 300

initial outlay, cash inflows of $

17, 580

per year for

5

years, and an interest rate of

15 % .

What is the project's Profitability Index

(

) ?

Should this project be accepted?

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