What is the initial cost of the project

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A project has expected cash inflows of $2,200 in year 1, $2,900 in year 2, $3,500 in year 3, and $4,000 in year 4. After year 4, there will be no further cash flows. If the profitability index is 1.14 and the discount rate is 12%, what is the initial cost of the project?

Reference no: EM132504475

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