question archive A project has an initial outlay of $1,932
A project has an initial outlay of $1,932
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A project has an initial outlay of $1,932. It has a single payoff at the end of year 2 of $6,943. What is the profitability index (PI) of the project, if the company's cost of capital is 5.72 percent?
Round the answer to two decimal places.
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