In: Accounting
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Trovato Corporation is considering a project that would require an investment of $63,000. No other cash outflows would be involved. The present value of the cash inflows would be $79,380. The profitability index of the project is closest to (Ignore income taxes.): |
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Multiple Choice |
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0.74 |
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0.26 |
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1.26 |
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0.21 |