A Profitability Index (PI) of 0.92 for a ……….. project means that
(A) the project’s costs (cash outlay) are ?
(is) less than the present value of the project’s benefits.
(B) the project’s NPV is greater than zero.
(C) the project’s NPV is greater than 1.
(D) the project returns 92 cents in present value for each rupee invested.

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The detailed answer for the above question is provided below Answer D the project returns 92 cen... View the full answer