Question: A company is considering a project that requires an initial investment of $400,000 and has a present value of cash flows of $1,100,000. The project's

A company is considering a project that requires an initial investment

A company is considering a project that requires an initial investment of $400,000 and has a present value of cash flows of $1,100,000. The project's profitability index is [round your answer to two decimal places.)

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