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37 Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows:

37
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Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: The net present values should be computed using a 10% discount rate. The company wants your assistance in determining which project to accept first, second, and so forth. Required: 1. Compute the profitability index for each project. 2. In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return

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