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Your company is considering purchasing a new ice cream machine that will cost $30,100. You expect the new machine to increase sales and provide annual
Your company is considering purchasing a new ice cream machine that will cost $30,100. You expect the new machine to increase sales and provide annual cash flows of $10,050, $11,200, $14,300, and $8,800 over the next four years. If the required return is 8.6%, what is the project's profitability index?
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