Question: You estimate that a project will cost $58,400 and will provide cash inflows of $18,000, $21,000, and $28,600 for years 1 to 3. Based on

You estimate that a project will cost $58,400 and will provide cash inflows of $18,000, $21,000, and $28,600 for years 1 to 3. Based on the profitability index rule, should the project be accepted if the discount rate is 17 percent? Why or why not?

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