A project has an initial cost of $40,100 and anticipated cash flows of $10,200,$21,700,$15,600,and $7,800 for Years 1 to 4,respectively.What is the profitability index value if the required return is 12.6 percent?
A) .92
B) 1.05
C) .99
D) 1.01
E) .96
Correct Answer:
Verified
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