Question: Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 15 percent. Also,
Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 15 percent. Also, indicate whether the project should be accepted. (Round answer to 2 decimal places, e.g. 25.25.) Year 0: -$88,000 Year 1: $22,000 Year 2: $44,000 Year 3: -$15,000 Year 4: $110,000 PI Accept project
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