Profitability index for the series of future cash flows

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Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 10.61 percent. The initial outlay is $458,684.

Year 1: $168,156

Year 2: $187,939

Year 3: $174,813

Year 4: $182,964

Year 5: $192,338

Round the answer to two decimal places.

Reference no: EM131452852

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