Question: please show all work. i saw the question already on chegg but it got a thumbs down so i wasnt sure if it was right.

please show all work. i saw the question already on chegg but it got a thumbs down so i wasnt sure if it was right. please answer the question again and work it out dont use excel, i need the work thank you
please show all work. i saw the question already on chegg but

7. Ocean Carriers is considering the purchase of a new bulk carrier. The ship will cost $250 million to purchase; once purchased, ths ship will generate a positive cash flow of $40 million per year for twenty years. The cost of capital is 14%. Calculate the profitability Index for the purchase of the new ship. According to the Profitability Index method, is this a good project or a bad project? Why? Briefly explain your

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