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AL Hajis LLC has calculated the profitability index for its project. A profitability index (PI) of 0.92 for a project means that __________ The project's costs (cash outlay) are (is) less than the present value of the project's benefits The project's NPV is greater than 1 The project's NPV is lesser than zero The project's NPV is greater than zero

AL Hajis LLC has calculated the profitability index for its project. A profitability index (PI) of 0.92 for a project means that __________ The project's costs (cash outlay) are (is) less than the present value of the project's benefits The project's NPV is greater than 1 The project's NPV is lesser than zero The project's NPV is greater than zero

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AL Hajis LLC has calculated the profitability index for its project. A profitability index (PI) of 0.92 for a project means that __________

The project's costs (cash outlay) are (is) less than the present value of the project's benefits

The project's NPV is greater than 1

The project's NPV is lesser than zero

The project's NPV is greater than zero

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