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You are offered an investment with returns of $ 2,955 in year 1, $ 3,072 in year 2, and $ 3,602 in year 3. The investment will cost you $ 7,650 today. If the appropriate Cost of Capital (quoted interest rate) is 12.1 %, what is the Profitability Index of the investment? Enter your answer to the nearest .01. Do not use the $ sign or commas in your answer. If the NPV is negative, use the - sign.

Financial Management, Finance

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