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Blue Spruce Inc. is comparing several alternative capital budgeting projects as shown below: Projects B Initial investment $102000 $142000 $182000 Present value of net cash

Blue Spruce Inc. is comparing several alternative capital budgeting projects as shown below: Projects B Initial investment $102000 $142000 $182000 Present value of net cash flows 112000 132000 222000 Using the profitability index, the projects rank as O C, B, A. O C, A, B. A, B, C. A, C, B

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