Gold mining is using the profitability index pi when


Gold mining is using the profitability index (PI) when evaluating projects. Gold-mining's cost of capital is 7.75%. what is the PI of a project if the initial costs are $2,195,820 and the project life is estimated as 5 years? Project will be produce the same after-tax cash inflows of $575,554 per year at the end of the year

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