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A project has the following cash flows.Year Cash flows1300,0002400,0003700,0004400,000If the required rate of return is...

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Accounting

A project has the following cash flows.Year Cash flows $1 300, 0002400, 0003 700, 0004 400, 000$ If the required rate of return is $9 %$ and tax project initial cost is $1, 500, 000$ Ksh $.$ Calculate profitability index and advice if the project is acceptable.

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