Question: A compary is considering buying a machine that would give a net cost savings of $85,000 per year for 10 years. The cost of the

A compary is considering buying a machine that would give a

A compary is considering buying a machine that would give a net cost savings of $85,000 per year for 10 years. The cost of the machine is $350,000. The company's weighted average cost of capital is 12%, What is the profitability index for the machine? Please enter your answer to two decimals

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