Question: Question 16 (1 point) Listen a A project has an initial cost of $30 million. The project is expected to generate a cash flow of

Question 16 (1 point) Listen a A project has an initial

Question 16 (1 point) Listen a A project has an initial cost of $30 million. The project is expected to generate a cash flow of $2.85 million at the end of the first year. All the subsequent cash flows will grow at a constant growth rate of 4.15% forever in future. If the appropriate discount rate of the project is 11%, what is the profitability index of the project? 1.761 1.114 1.917 1.571

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