Question: A project is expected to last for 3 years and has annual net cash inflows of $15494 per annum. The project's initial investment is $31409

A project is expected to last for 3 years and has annual net cash inflows of $15494 per annum. The project's initial investment is $31409 and the firm's weighted average cost of capital 9.7 per cent. What is the project's profitability index?

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