The profitability index of the project is closest

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(Ignore income taxes in this problem.) Dayton Corporation is considering a project that would require an investment of $68,000. No other cash outflows would be involved. The present value of the cash inflows would be $89,080. The profitability index of the project is closest to: (Round your answer to 2 decimal places.)

0.31

0.24

0.69

1.31

Reference no: EM13826986

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