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Sunland Co. is considering purchasing equipment that has an initial investment of $44000. The company's...

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Accounting

Sunland Co. is considering purchasing equipment that has an initial investment of $44000. The company's required rate of return is 12%. Annual cost savings are projected to be $22000 for year 1,$18000 for year 2, and $14000 for year 3. What is the investment's profitability index?
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