A project requires an initial investment of $76,000 and has a project profitability index of 0.310. The present value of the future cash inflows from this investment is: a. $99,560 b. Cannot be determined with available data. c. $76,000 d. $52,440

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 13P
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Hello tutor please provide this question solution general accounting

A project requires an initial investment of $76,000 and has a project
profitability index of 0.310. The present value of the future cash inflows from
this investment is:
a. $99,560
b. Cannot be determined with available data.
c. $76,000
d. $52,440
Transcribed Image Text:A project requires an initial investment of $76,000 and has a project profitability index of 0.310. The present value of the future cash inflows from this investment is: a. $99,560 b. Cannot be determined with available data. c. $76,000 d. $52,440
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