Problem 10-04 Profitability Index A project has an initial cost of $36,875, expected net cash inflows of
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Question:
Problem 10-04
Profitability Index
A project has an initial cost of $36,875, expected net cash inflows of $14,000 per year for 10 years, and a cost of capital of 10%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places.
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