question archive Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 10
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Find the profitability index (PI) for the following series of future cash flows, assuming the company's cost of capital is 10.45 percent. The initial outlay is $438,216.
Year 1: $131,465
Year 2: $192,840
Year 3: $161,598
Year 4: $174,895
Year 5: $158,448
Round the answer to two decimal places.
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