Broxton Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering investments in three different technologies to develop wireless communication devices. Consider the following cash flows of the three independent projects. Assume the discount rate is 12 percent. Further, the company has only $22 million to invest in new projects this year.

Cash Flows (in $ millions)

Year	L6			G5			Wi-Fi
0	$	8.0		$	14		$	22
1		11.0			12			20
2		7.5			27			34
3		5.5			22			22

a.	Calculate the profitability index for each investment. L6 profitability index G5 profitbality index Wi-Fi profibility index
b.	Calculate the NPV for each investment.
	L6 NPV G5 NPV Wi-Fi NPV