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When the present value of the cash inflows exceeds the initial cost of a project, then the project should be: Rejected because the profitability index

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When the present value of the cash inflows exceeds the initial cost of a project, then the project should be: Rejected because the profitability index is less than 1. Accepted because the profitability index is greater than 1. Rejected because the internal rate of return is negative. Accepted because the profitability index is negative. None of these answers

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