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What is the profitability index for an investment with the following cash flows given a 6 percent required return? Year Cash Flow 0 $29,000 1

What is the profitability index for an investment with the following cash flows given a 6 percent required return?

Year	Cash Flow
0	$29,000
1	11,700
2	14,000
3	13,400

a. 1.06

b. 0.74

c. 0.83

d. 1.20

e. 1.35

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