Carmen, Inc. is considering three different independent investment opportunities. The present value of future cash flows,...

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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? 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?