Profitability index of the project

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The management of Crail Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The present value of the cash inflows would be $60,180. The profitability index of the project is closest to:

A. 0.18

B. 0.82

C. 1.18

D. 0.15

Reference no: EM13135167

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