Use the Following Table for Questions

question 64

Multiple Choice

Use the following table for questions .
-A company has a minimum required rate of return of 9% and is considering investing in a project that costs $50,000 and is expected to generate cash inflows of $20,000 at the end of each year for three years.The profitability index for this project is

• A).99.
• B)1.00.
• C)1.01.
• D)1.20.

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