The management of Pattee Corporation is considering three investment projects-M, N, and O. Project M…


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The management of Pattee Corporation is considering three investment projects-M, N, and O. Project M… 1 answer below ยป The management of Pattee Corporation is considering three investment projects-M, N, and O. Project M would require an investment of $25,000, Project N of $67,000, and Project O of $70,000. The present value of the cash inflows would be $28,750 for Project M, $73,700 for Project N, and $79,100 for Project O. The profitability index of investment project N is closest to: A. 0.10 B. 0.90 C. 0.09 D. 1.10 Dec 08 2013 12:20 AM

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