Question: A project has an initial outlay of $4, 074. It has a single payoff at the end of year 2 of $8, 382. What is

A project has an initial outlay of $4, 074. It has a single payoff at the end of year 2 of $8, 382. What is the profitability index (PI) of the project, if the company's cost of capital is 6.08 percent? Round the answer to two decimal places. Your Answer: _______________

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