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34 The management of Solar Corporation is considering the following three investment projects: L M N Investment required $31,000 $55,000 $82,000 Present value of cash

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The management of Solar Corporation is considering the following three investment projects: L M N Investment required $31,000 $55,000 $82,000 Present value of cash inflows $38,480 $62,150 $90,200 Rank the projects according to the profitability index, from most profitable to least profitable. M,N,L L,N,M N,L,M N,M,L

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