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What is the profitable index (PI) of a project that costs $250,000 and will earn $100,000 the first year, $90,000 the second year, $80,000 the
What is the profitable index (PI) of a project that costs $250,000 and will earn $100,000 the first year, $90,000 the second year, $80,000 the third year, and $70,000 the fourth year, assuming a discount rate of 10%? Show your work.
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