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1. Calculate Profitability Index for each project below. If you have only $10mln you can invest in , which project or projects would you choose

1.Calculate Profitability Index for each project below. If you have only $10mln you can invest in , which project or projects would you choose based on Profitability Index criteria?

Project

Investment required (in millions)

NPV (in millions)

A

10

14

B

6

15

C

10

19

D

4

9

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