Find the profitability index pi for the following series of


Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 6.96 percent. The initial outlay is $312,420.

Year 1: $161,108

Year 2: $164,855

Year 3: $134,677

Year 4: $131,313

Year 5: $198,172

Round the answer to two decimal places.

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Finance Basics: Find the profitability index pi for the following series of
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