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

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Finance

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Hats \& Bats is trying to decide if a new project is worth investing money into. The project would require $273 as initial investment. In the next 4 years it would generate profits in the amount of $89 at the end of each year. The typical rate of return for projects like this is 7.6 percent. Calculate the profitability index of this proposed project

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