A project requires an investment of $1,500 and has a net present value of $400. If the IRR is 9%, what is the profitability index for the project?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 5TP: Giorgio Co. is looking at an investment project with an internal rate of return of 10.8%. The...
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I want to correct answer general accounting

A project requires an investment of $1,500
and has a net present value of $400. If the
IRR is 9%, what is the profitability index for
the project?
Transcribed Image Text:A project requires an investment of $1,500 and has a net present value of $400. If the IRR is 9%, what is the profitability index for the project?
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