Homework #6D (Profitability Index)
Homework #6D (Profitability Index)
Finance
Question 1(1 point)
Find the profitability index (PI) for the following series of future cash flows assuming the companys cost of capital is 12.84 percent. The initial outlay is $468612.
Year 1: $154334
Year 2: $194874
Year 3: $174834
Year 4: $197993
Year 5: $196223
Round the answer to two decimal places.