Question: Problem Set 2 Back to Assignment Attempts 0 1 Keep the Highest 1 / 1 8. Problem 10-04 (Profitability Index) eBook Profitability Index A

Problem Set 2 Back to Assignment Attempts 0 1 Keep the Highest

Problem Set 2 Back to Assignment Attempts 0 1 Keep the Highest 1 / 1 8. Problem 10-04 (Profitability Index) eBook Profitability Index A project has an initial cost of $35,000, expected net cash inflows of $14,000 per year for 6 years, and a cost of capital of 9%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.

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