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You are considering a project with an initial cost of $40,000 and annual cash inflows of $10,000 a year for six years. What discount rate,
You are considering a project with an initial cost of $40,000 and annual cash inflows of $10,000 a year for six years. What discount rate, when applied to this project, will produce a profitability index of 1.12? a. 9.93% b. 8.56% c. 9.04% d. 10.21% e. 9.43%
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