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Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate...

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Finance

Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 10.1%. Year Project X Project Y 0 $-1,226 $-2,167 1 597 990 2 933 2,127 3 846 1,345 What is the Profitability Index of project Y? (Round answer to 2 decimal places. Do not round intermediate calculations)

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