Question: point) Gold Mining, Inc. is using the profitability index (Pl) when evaluating projects. Gold Mining's cost of capital is 10.40 percent. What is the Pl
point) Gold Mining, Inc. is using the profitability index (Pl) when evaluating projects. Gold Mining's cost of capital is 10.40 percent. What is the Pl of a project if the initial costs are $2,013,724 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $382,210 per year at the end of the year. Round the answer to two decimal places. Your
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