What is the profitability index of the investment

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You are offered an investment with returns of $ 1,190 in year 1, $ 3,787 in year 2, and $ 5,367 in year 3. The investment will cost you $ 6,592 today. If the appropriate Cost of Capital (quoted interest rate) is 11.8 %, what is the Profitability Index of the investment?

Reference no: EM132062348

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