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What is the profitability index for an investment with the following cash flows given a 8 percent required return? Year Cash Flow 0 $23,000 1

What is the profitability index for an investment with the following cash flows given a 8 percent required return?

Year Cash Flow
0 $23,000
1 8,700
2 11,000
3 10,400

0.89

1.31

0.76

1.08

1.12

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