Multiple Choice
The management of Leitheiser Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The present value of the cash inflows would be $57,630. The profitability index of the project is closest to (Ignore income taxes.) :
A) 1.13
B) 0.87
C) 0.13
D) 0.12
Correct Answer:
Verified
Correct Answer:
Verified
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