Question: A project has the following cash flows set out below. What is the profitability index of this project if the relevant discount rate is 2

A project has the following cash flows set out below. What is the profitability index of this project if the relevant discount rate is 2 percent? Enter your final answer to two decimal places.

Year Cash flow
0 -1,204
1 542
2 2,036
3 3,501

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