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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

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 $ 600,700 $ 426,200 $ 535,100 Initial investment 260,000 215,000 250,000 Net present value $ 340,700 $ 211,200 $ 285,100 Profitability index 2.31 1.98 2.14 In what order should Carmen prioritize investment in the projects?

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