Question: Use the following information to answer question #20 ~ #22. Three-year project with Initial investment: $1,000 Interest rate: 6% The 1 st year cash flow:
Use the following information to answer question #20 ~ #22.
Three-year project with Initial investment: $1,000 Interest rate: 6%
The 1st year cash flow: $500 The 2nd year cash flow: $1,000
Which of the followings is NPV of this two-year project?
The profitability index (PI) will be approximately calculated as _____.
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