An investor has a budget of $12 milion. He is presented with the following the projects to invest in His cost of capital is 6% Project A Project B Project C Initial Investment $6 million S5 million $4 million Cash flow $3 million per year for three years S2 million per year for six years $1.5 million per year for eight years Required: Calculate the NPV and profitability index for each of the three projects