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The project's cost is $120,000 and the expected cash flows are: Year 1 $60,000 Year 2: $0 Year 3. $100,000 Year 4: $0 Year 5:

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The project's cost is $120,000 and the expected cash flows are: Year 1 $60,000 Year 2: $0 Year 3. $100,000 Year 4: $0 Year 5: $60,000 The discount rate is 18%. Calculate the profitability index (PI)

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