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A company is considering the following Investment projects. (Ignore income taxes): Investment required Present value of cash inflows Project Q $ 46,400 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 Q $ 46,400 Project R $ 84,900 $ 50,104 $ 97,524 Project S $150,500 $165,525 The only cash outflows are the initial investments in the projects. Required: Rank the Investment projects using the project profitability Index. Rank 11 Rank 2 Rank 3

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