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The Road Maker is analyzing a project with cash flows of $460,000 in year 1, $527,000 in year 2, $589,000 in year 3, and $540,000

The Road Maker is analyzing a project with cash flows of $460,000 in year 1, $527,000 in year 2, $589,000 in year 3, and $540,000 in year 4. What is the PI of the project if the required return is 11.25 percent and the initial cash outlay is $1.79 million?

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