Question: Based on the profitability index (PI), should a project with the following cash flows be accepted if the discount rate is 5%? Why or why
Based on the profitability index (PI), should a project with the following cash flows be accepted if the discount rate is 5%? Why or why not?
| Year | Cash flow |
| 0 | (18,600) |
| 1 | 10,000 |
| 2 | 7,300 |
| 3 | 3,700 |
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