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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 $28,000 1

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

Year Cash Flow
0 $28,000
1 11,200
2 13,500
3 12,900

1.34

1.08

0.74

0.87

1.15

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