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What is the profitability index of a project with an initial investment of $121,000 and a net present value of $88,000? The cost of capital

What is the profitability index of a project with an initial investment of $121,000 and a net present value of $88,000? The cost of capital is 13%.

Enter your answer as a number rounded to 4 decimal places. An answer of 1.23456 would be entered as 1.2346.

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