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Hats & Bats is trying to decide if a new project is worth investing money...

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Finance

Hats & Bats is trying to decide if a new project is worth investing money into. The project would require $331 as initial investment. In the next 4 years it would generate profits in the following amounts: $68 in year 1, $128 in year 2, $72 in year 3, and $50 in year 4. The typical rate of return for projects like this is 5.5 percent.

Calculate the profitability index of this proposed project.

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