3, Carmen, Inc., which has a hurdle rate of 10%, is considering three different opportunities. Each project has a five-year life. The annual cash flows and initial investment for each of t projects are as follows: independent investment he Project A Project B Project C 79,150 $65,950 $72,540 50,000 105,000140,000 Annual cash flows Initial investment a. What is the present value of the annual cash flows for each of the three projects? b. What is the net present value of each of the projects? c. What is the profitability index of each of the projects? (Round to two decimal places.) d. In what order should Carmen prioritize investment in the projects