Question: Question 9 Pharoah, Inc. is considering purchasing equipment costing $27000 with a 5-year useful life. The equipment will provide cost savings of $7000 and will

Question 9 Pharoah, Inc. is considering purchasing equipment costing $27000 with a 5-year useful life. The equipment will provide cost savings of $7000 and will be amortized using the straight line method over its useful life with no salvage value. Pharoah, Inc, requires a 10% rate of return. What is the approximate profitability indexadated with this gulment (Record answer to nearest cent) Paano Period 5 35 3.352 3.993 3.0.90 3.791 3.606 3.605 1.04 0.95 0.98 01.01

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