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Glassett Corporation is considering a project that would require an investment of $62,000. No other cash outflows would be involved. The present value of the cash inflows would be $70,060. The profitability index of the project is closest to:

A. 0.13

B. 1.13

C. 0.87

D. 0.12

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415365

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