Question
You were offered an investment with returns of $2,579 in year 1, $4,681 in year 2, and $5,043 in year 3. The investment will cost
You were offered an investment with returns of $2,579 in year 1, $4,681 in year 2, and $5,043 in year 3. The investment will cost you $6,247 today. If the appropriate Cost of Capital (quoted interest rate) is 8.1%, what is the Profitability Index of the investment?
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
