Question: Assume that a company is considering purchasing a machine for $ 4 3 , 5 0 0 that will have a five - year useful

Assume that a company is considering purchasing a machine for $43,500 that will have a five-year useful life and no salvage value. The machine will lower operating costs by $17,000 per year. The companys required rate of return is 18%. The profitability index for this investment is closest to:

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