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Career Services, Inc. has a total of $56 million to invest. The project costs, NPV, and profitability indexes are listed in the table. Project A

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Career Services, Inc. has a total of $56 million to invest. The project costs, NPV, and profitability indexes are listed in the table. Project A Project B Project C Cost ($ millions) $ 28 $ 28 $ 28 Profitability Index 3.40 3.60 2.80 a. Using the profitability approach, which project should the company NOT accept? O Project A O Project C O Project B b. What is the weighted average profitability index of the accepted projects? (Round your answer to two decimal places.) Profitability index

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