Question: Question 2 (1 point) Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 7.80 percent. What

Question 2 (1 point) Gold Mining, Inc. is using the profitability index (PI) when evaluating projects. Gold Mining's cost of capital is 7.80 percent. What is the Pl of a project if the initial costs are $1,582,269 and the project life is estimated as 9 years? The project will produce the same after-tax cash inflows of $554,693 per year at the end of the year. Round the answer to two decimal places

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