SAT, 08.12.2021 16:30, Kikilcaro9675

Managers at eller manufacturing are considering purchasing a new refrigerated delivery truck that will produce equal annual cash flows of $36,000 for 6 years. The truck’s net present value is $12,780, its cost is $144,000, its useful life is 6 years, and its annual depreciation expense (no salvage value) is $24,000. What is the profitability index of this project? round your answer to one decimal place.

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Managers at eller manufacturing are considering purchasing a new refrigerated delivery truck that wi...