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What is the profitability index of a project that requires an initial investment of $91 million and produces positive cash flows of $45 million annually

What is the profitability index of a project that requires an initial investment of $91 million and produces positive cash flows of $45 million annually for 8 years? Assume an opportunity cost of capital (i.e., discount rate) of 11%. (answer with at least three decimal places)

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