2. You are the Chief Financial Officer for Micro Corp., a wholly-owned subsidiary of Macro Inc. You have identified the following eight projects for investment. However, Macro Inc. has only allocated Micro Corp. $1,800,000 for investment projects. a. Calculate the net present value and profitability index for each investment project. Project B Project C Project D Project G $459,846 G $207,048 Project A Project E Project F Project Present value $1,199,272 $1,019,306 $949,486 $729,705 $698,513 $499,510 of cash inflows Amount to $1,000,000 $800,000 be invested $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 Internal Rate 21.85% 21.08% 16.32% 17.79% 17.94% 19.45% 14.30% 8.88% of Return Payback 1.39 2.11 2.28 2.21 1.59 2.15 2.36 1.80 Period Net Present Value Profitability Index b. Determine which investment projects should be pursued and indicate why.