Question: Question 4 (1 point) A project has an initial outlay of $3,707. It has a single payoff at the end of year 8 of $8,151.
Question 4 (1 point) A project has an initial outlay of $3,707. It has a single payoff at the end of year 8 of $8,151. What is the profitability index (PI) of the project, if the company's cost of capital is 5.07 percent? Round the answer to two decimal places
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