Question: Hi I received the below test question as wrong and am trying to understand how to identify the correct answer in excel. Find the profitability
Hi I received the below test question as wrong and am trying to understand how to identify the correct answer in excel. Find the profitability index (PI) for the following series of future cash flows, assuming the companys cost of capital is 8.03 percent. The initial outlay is $452,075. Year 1: $154,744 Year 2: $148,336 Year 3: $143,112 Year 4: $163,170 Year 5: $120,817
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