-28 Which of the following tools is sometimes used to rank investment proposals? ed out of 25 question Select one: O a profitability index O b. Annuity index Oc Project assessment guide (PAG) Od Investment opportunity index O e Capital ranking index on 29 + St. Michaels School ranks investments by using the profitability index (Pl). The following data relate to Project X and Project : out of 2.5 Question Initial Investment Present value of inflows Prolet X $400,000 600.000 Project Y $1,300,000 1,800,000 Which project would be more attractive as judged by its ranking, and why? Select one O a Project X because the Plis 1.50. Ob. Project Y because the Plis 1.38 Oc Project X because the Plis 0.67 Od Project Y because the Plis 0.72 e. Both projects would be equally attractive in terms of ranking, as indicated by a positive Pl