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A company is considering the following investment projects. (Ignore income taxes): Investment required Present value of cash inflows Project $42,800 $46, 108 Project R Projects

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A company is considering the following investment projects. (Ignore income taxes): Investment required Present value of cash inflows Project $42,800 $46, 108 Project R Projects $80,800 $142,000 $92,768 $156,260 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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