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Find the profitability index of the project is closest to

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Question 1: Trovato Corporation is considering a project that would require an investment of $51,000. No other cash outflows would be involved. The present value of the cash inflows would be $58,140. The profitability index of the project is closest to (Ignore income taxes.):

Multiple Choice

Option 1: 0.86

Option 2: 0.14

Option 3: 1.14

Option 4: 0.12

Reference no: EM132530397

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