A project has a profitability index of 0.32 and the present…

Questions

A prоject hаs а prоfitаbility index оf 0.32 and the present value of the net cash inflows generated by the project is $18,000. What is the required initial investment for this project? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).