For a project that requires an initial investment of $26,000 and yields $10,000 per year for 4
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For a project that requires an initial investment of $26,000 and yields $10,000 per year for 4 years, the PI at an interest rate of 10% per year is closest to:
(a) 1.03
(b) 1.22
(c) 1.38
(d) 1.56
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Profitability Index PI Present value of future cash flow Initial investment in the project ...View the full answer
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