A project has an initial cost of $37,875, expected net cash
inflows of $12,000 per year...
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A project has an initial cost of $37,875, expected net cashinflows of $12,000 per year for 8 years, and a cost of capital of12%. What is the project's PI? Do not round your intermediatecalculations. Round your answer to two decimal places.
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Profitability index is calculated using the below formula Profitability Index NPV Initial investment Initial investment Net present value is
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