Uses profitability index when evaluating projects

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Gold mining, inc uses the profitability index when evaluating projects. gold mining's cost of capital is 11.77 percent. what is the PI of a project if the initial costs are $2320888 and the project life is estimated as 10 years? the project will produce the same after-tax cash inflows of $383311 per year at the end of the year

Reference no: EM131352676

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