Multiple Choice
A project has an initial cost of $38,300 and anticipated cash flows of $9,200,$18,700,$14,600 for Years 1 to 3,respectively.What is the profitability index value if the required return is 9.5 percent?
A) .86
B) .92
C) .99
D) 1.09
E) 1.16
Correct Answer:
Verified
Correct Answer:
Verified
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