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Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the

Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the cash inflows would be $51,840. The profitability index of the project is closest to (Ignore income taxes.):

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0.07

0.08

0.92

1.08

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