Consider a project that requires an investment of $21,000 today and generates after-tax cash flows...
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Finance
Consider a project that requires an investment of $21,000 today and generates after-tax cash flows as follows.
C01: $10,000
C02: $12,000
C03: $15,000
C04: -$5,000
If the appropriate discount rate is 15 percent, what is the Profitability Index (PI)?
Enter your numeric answer rounded to 2 decimal places and without any symbols such as $, comma, or %.
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