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Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each project are listed below.

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Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each project are listed below. Assume that each project is equally risky, therefore they all have a discount rate of 5.00% per annum, Time 0 Project B -$500 $900 $100 $100 A $1000 $800 $600 $400 1 -$100 $30 $30 $30 $30 2 3 $30 Calculate the profitability index (PI) for project "B". Report your answer rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response

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