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A project will produce cash inflows of $4,200 a year for 9 years. The project's initial cost is $22.00. If the required rate of tenuis

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A project will produce cash inflows of $4,200 a year for 9 years. The project's initial cost is $22.00. If the required rate of tenuis 11 percent. what is the profitability index? a 1.04 b. 1.07 1.10 d. 1.12 e. 0.96

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