Question: A project has expected cash inflows, starting with year 1, of 2200, 2900, 3500, and finally in year 4 4000. The profitability index is 1.14

A project has expected cash inflows, starting with year 1, of 2200, 2900, 3500, and finally in year 4 4000. The profitability index is 1.14 and the discount rate is 12 percent. What is the initial cost of the project?

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