$23.$

Using the profitability index. which of the following projects would you choose if you have limited funds?

PROJECT INITIAL INVESTMENT NPV

$110000030000$

$28000025000$

$36000015000$

$44000017000$

$510500040000$

$-$Project $5$

$-$Project $4$

$-$Project $3$

$-$Project $2$

$-$Project $1$