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Carmen, Inc. is considering three different independent investment opportunities. The present value of future cash flows, initial investment, net present value, and profitability index

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Carmen, Inc. is considering three different independent investment opportunities. The present value of future cash flows, initial investment, net present value, and profitability index for each of the projects are as follows: Project A Project B Project C Present value of future cash flows Initial investment Net present value Profitability index $731,300 $527,200 $645,200 300,000 $431,300 255,000 $272,200 290,000 $355,200 2.44 2.07 2.22 In what order should Carmen prioritize investment in the projects?

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