3. Compute the profitability index of each project and rank order them based on this criterion. (Round your answers to 2 decimal places.) PI Rank Project X Project Y Project Z Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow: Initial investment Annual cash inflows PV of cash inflows Project X Project Y Project Z $40,000 $20,000 $50,000 25,400 70,000 25,000 5,000 33,000 10,000