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What is the initial cost of the project

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Setesh of Kanaan's new pyramid project has expected cash inflows, starting with year 1, of $2,100, $3,200, $5,900 and finally in year four, $7,300. The profitability index is 1.59 and the discount rate is 10.4 percent. What is the initial cost of the project?

Reference no: EM132038442

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