Trovato Corporation is considering a project that would require an investment of $51,000. No other...
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Accounting
Trovato Corporation is considering a project that would require an investment of $51,000. No other cash outflows would be involved. The present value of the cash inflows would be $58,140. The profitability index of the project is closest to (Ignore income taxes.):
Multiple Choice
1) 0.86
2)0.14
3)1.14
4)0.12
Please provide the work and the solution so I can understand myself in the future. An answer does not help me learn anything. Thanks.
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