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12-04-2024
Business

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Distant-Light Ltd has decided to invest in renewable energy sources to meet part of its energy needs for production. It is considering solar power versus wind power. The following has been determined. Solar Wind Present value of annual cash flows $52,580 $128,450 Initial investment $39,500 $105,300 What is the profitability index of Wind
A. 1.22
B. 5.55
C. 4.55
D. 0.82

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