An investment that costs $5700 will produce annual cash flows of $2420 for a period of 4 years. Given a desired rate of return of 12%, what is the present value index? Use Appendix Table 2. (Do not round intermediate calculations. Round your answer to three decimal points.)
A. 3.153.
B. 0.759.
C. 1.289.
D. 2.355.
Answer: C
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