Question: Your firm has a potential project that will cost $5,000 now to begin. The project will then generate after-tax cash flows of $900 at the

Your firm has a potential project that will cost $5,000 now to begin. The project will then generate after-tax cash flows of $900 at the end of the next three years and then $1400 per year for the three years after that. If the discount rate is 8% then what is the PI? Answer in % format with 2 number after the decimal point

** Please explain with formula NOT EXCEL show the steps as well please

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