24The Black Horse is currently considering a project that will produce cash inflows of $15,000...
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Accounting
24The Black Horse is currently considering a project that will produce cash inflows of $15,000 a year for three years followed by $5,500 in Year 4. The cost of the project is $38,000. What is the profitability index if the discount rate is 9 percent?
a.
1.10
b.
.85
c.
1.21
d.
1.04
e.
.93
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