Question: Miller's is considering a 2 - year expansion project that will require $ 4 1 0 , 0 0 up front. The project will produce

Miller's is considering a 2-year expansion project that will require $410,00 up front. The project will produce cash flows of $358,000 and $98,000 for Years 1 and 2, respectivily. Based on the profitablitly index (PI) rule, should the project be accepted if the discount rate is 12 percent? Why or why not? yes because the PT is .94, yes becuase the PI is 1.03, no because the PI is .97, yes becuase the PI is .97, or no because the PI is 1.03

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