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Consider projects A and B with the following cash flows:
C0 C1 C2 C3
A -$29 $18 $18
B -$54 29 29
What is the profitability index of each project? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Wrong answers:
Project A 1.27 (Profitability Index)
Project B 1.47 (PI)
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