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The Rand Corporation is considering an investment in a project that generates a profitability index of 1

Accounting

The Rand Corporation is considering an investment in a project that generates a profitability index of 1.3. The present value of the cash inflows on the project is $44,000. What is the net present value of this project?

      1. $10,154
      2. $13,200
      3. $57,200
      4. $33,846

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