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Based on the cash flows given below calculate the PI

Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 15 percent. Also, indicate whether the project should be accepted.

Year 0: –$90,000

Year 1: $20,000

Year 2: $40,000

Year 3: –$15,000

Year 4: $100,000

Year 0: –$90,000

Year 1: $20,000

Year 2: $40,000

Year 3: –$15,000

Year 4: $100,000

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