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You are considering a project that requires an initial investment of $1,200. The estimated project cash flows in years 1,2 , and 3 are $200,$200,
You are considering a project that requires an initial investment of $1,200. The estimated project cash flows in years 1,2 , and 3 are $200,$200, and $950. respectively. The required return is 7%. What is the profitability index (PI) of the project? 1.95 1.01 0.95 0.05
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