Question: 3. You are considering a project that has an initial outlay of $1million. The profitability index of the project is 2.24. What is the NPV

3. You are considering a project that has an initial outlay of $1million. The profitability index of the project is 2.24. What is the NPV of the project? Cost (1,000,000) PI 2.24 PI = PV/-Cost PV = PI X Cost Cost NPV please show calculations formulas

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