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An investment manager is currently evaluating three projects: 1. Project 1 requires an initial investment of $10,000, will provide future cash flows of $26,000, and
An investment manager is currently evaluating three projects: 1. Project 1 requires an initial investment of $10,000, will provide future cash flows of $26,000, and the PV of the future cash flows is $17,000. 2. Project 2 requires an initial investment of $20,000, will provide future cash flows of $60,000, and the PV of the future cash flows is $31,000. 3. Project 3 requires an initial investment of $30,000, will provide future cash flows of $100,000, and the PV of the future cash flows is $56,700. Rank the projects from most to least desirable. (Round your answers to the 2 decimal places.)
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