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 10.72 percent. The initial outlay is $361,112.

Year 1: $192,537

Year 2: $183,825

Year 3: $174,924

Year 4: $132,262

Year 5: $148,390

Round the answer to two decimal places.

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Financial Management: Find the profitability index pi for the following series of
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