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A project requires an initial investment of $76,000 and has a project profitability index of...

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Accounting

A project requires an initial investment of $76,000 and has a project profitability index of 0.310. The present value of the future cash inflows from this investment is:

a. $99,560

b. Cannot be determined with available data.

c. $76,000

d. $52,440

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