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You build a windmill that costs $500,000 and agree to a 25-year power purchase agreement for which you receive $60,000 each year. If your required

You build a windmill that costs $500,000 and agree to a 25-year power purchase agreement for which you receive $60,000 each year. If your required return is 6.25%, what is the PI this project?

a) 0.2786

b) 1.2786

c) 2.0000

d) 0.4982

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