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You have a project with the following cashflows: Year 0:-$55,000; Year 1: $40,000; Year 2: $28,000. Your boss insists that only projects that can return
You have a project with the following cashflows: Year 0:-$55,000; Year 1: $40,000; Year 2: $28,000. Your boss insists that only projects that can return at least $1.08 in today's dollars for every $1 invested can be accepted. She also insists on applying a 10 percent discount rate to all cash flows. Use PI to make decision on the project. A Accept the project because the PL is 1.08. B Accept the project because the PI is 1.06. Reject the project because the PL is 1.06. D Reject the project because the PL is 1.08. E Cannot be determined using Pl
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