Question: A project has expected cash inflows, starting with year 1, of $2, 200, $2, 900, $3, 500 and finally in year four, $4, 000. The

 A project has expected cash inflows, starting with year 1, of

A project has expected cash inflows, starting with year 1, of $2, 200, $2, 900, $3, 500 and finally in year four, $4, 000. The profitability index is 1.14 and the discount rate is 12 percent. What is the initial cost of the project? $9, 211.06 $9, 250.00 $8, 166.19 $7, 899.16 $8, 098.24

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