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Find the profitability index (PI) for the following series

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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 6.96 percent. The initial outlay is $312,420.
Year 1: $161,108
Year 2: $164,855
Year 3: $134,677
Year 4: $131,313
Year 5: $198,172
Round the answer to two decimal places.

 
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