# profitability index for an investment

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What is the profitability index for an investment with the following cash flows given a 9 percent required return?

Year Cash Flow

0 -$21,500

1 $ 7,400

2 $ 9,800

3 $ 8,900

(answer format x.xx or .xx)

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What is the profitability index for an investment with the following cash flows given a 9 percent required return?

Year ...

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$2.49