Find the profitability index (PI) for the following series of future cash flows, assuming the company’s cost of capital is 12.48 percent. The initial outlay is $490,654.
Find the profitability index (PI) for the following series of future
cash flows, assuming the company’s cost of capital is 12.48 percent. The initial outlay is $490,654.
Year 1: $120.380
Year 2: $130,104
Year 3: $164,970
Year 4: $199,415
Year 5: $172,828
Round the answer to two decimal places.
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