Question: The project has a $ 4 8 , 3 0 0 initial outlay, cash inflows of $ 1 7 , 5 8 0 per year

The project has a $48,300 initial outlay, cash inflows of $17,580 per year for 5 years, and an interest rate of 15%. What is the project's Profitability Index (PI)? Should this project be accepted?

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