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A company is considering the following investment projects. (Ignore income taxes): Investment required Present value of cash inflows Project $ 68,000 $ 74,080 Project R

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A company is considering the following investment projects. (Ignore income taxes): Investment required Present value of cash inflows Project $ 68,000 $ 74,080 Project R $109,500 $126,060 Project S $201,500 $221,115 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

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