Assuming the companys cost of capital is 12 percent what is


Kuntz Company has a project that requires an initial investment of $32,800 and has the following expected stream of cash flows:

Year 1-25,000
Year 2-20,000
Year 3-10,000

Required

Assuming the company's cost of capital is 12 percent, what is the profitability index for the project? (Round to one decimal place.)

 

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Financial Accounting: Assuming the companys cost of capital is 12 percent what is
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