A project has an initial cost of $74,175, expected net cash inflows of $14,000 per year for 6 years, and a cost of capit
Posted: Fri Jul 01, 2022 7:46 am
A project has an initial cost of $74,175, expected net cashinflows of $14,000 per year for 6 years, and a cost of capital of8%. What is the project's PI? (Hint: Begin byconstructing a time line.) Do not round intermediate calculations.Round your answer to two decimal places.