A project has an initial outlay of $3,439. It has a single payoff at the end...
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A project has an initial outlay of $3,439. It has a single payoff at the end of year 5 of $8,441. What is the profitability index (PI) of the project, if the company's cost of capital is 11.48 percent? Round the answer to two decimal places. A project has an initial outlay of $3,439. It has a single payoff at the end of year 5 of $8,441. What is the profitability index (PI) of the project, if the company's cost of capital is 11.48 percent? Round the answer to two decimal places.
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