A firm is reviewing a project that has an initial cost of, Financial Management

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A firm is reviewing a project that has an initial cost of

A firm is reviewing a project that has an initial cost of $25,000. The project will produce an annual cash inflows, starting with year 1, $4,000, $6,000,$9,300 and finally in year 4, $15,050. What is the profitability index if the discount rate is 5 percent?

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