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A firm is reviewing a project that has an initial cost of $71,000. The project...

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Accounting

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A firm is reviewing a project that has an initial cost of $71,000. The project will produce annual cash inflows, starting with year 1 , of $8,000,$13,400,$18,600,$33,100, and finally in year 5,$37,900. What is the profitability index if the discount rate is 9.5 percent? 0.98 1.12 1.07 0.92 1.02

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