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A project has an initial outlay of $3 304 It has a single payoff at the end of year 10 of $8 233 What is the

Question

A project has an initial outlay of $3,304. It has a single payoff at the end of year 10 of $8,233. What is the

profitability index (PI) of the project, if the comapny’s cost of capital is 8.68 percent?Round to two decimal places.

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