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QUESTION
Homework #6D (Profitability Index)
Homework #6D (Profitability Index)
Finance
Question 4 (1 point)
A project has an initial outlay of $1,135. It has a single payoff at the end of year 2 of $7,772. What is the profitability index (PI) of the project, if the company’s cost of capital is 7.59 percent?
Round the answer to two decimal places.
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