What must the projects initial cost be

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Reference no: EM131509677

A project has the following cash flows for years 1 through 3 respectively: 1,575, 1,750, 1,854. Using a discount rate of 8.4 percent, it has been determined that the profitability index is 0.92. What must the project's initial cost be? (Enter absolute value of the initial cost.)

Reference no: EM131509677

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