Question: I have tried this problem over and over. The answer is not 1.4284. What is the profitability index of a project that costs $8,000 and

What is the profitability index of a project that costs $8,000 and provides cash flows of $2,700 in years 1 and 2 and $4,700 in years 3 and 4 ? The discount rate is 10%. Note: Do not round intermediate calculations. Round your answer to 4 decimal places. Answer is complete but not entirely correct
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
