8.8 Rank each project in order of profitability index as in the following table:

Starting from the top, we run out of funds after accepting projects L and J. While J and M have equal profitability indexes, project M could not be chosen because it would force total invest- ment above the limit of $10 million.

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Project Profitability Index Investment L MNK 0.43 $7 0.33 3 0.33 6 0.25 4 0.20 5