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9:22 Saved The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.) Investment required Present value of cash inflows

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9:22 Saved The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.) Investment required Present value of cash inflows Project 0 $ 64,400 Project R. $ 105,400 Project 5 $193,000 $ 70,084 $ 121,304 The only cash outflows are the initial investments in the projects. Required: Rank the investment projects using the project profitability index. Rank 1 Rank 2 Rank 3 $211,850

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