Carmen, Inc., which has a hurdle rate of 10%, is considering three different independent investment opportunities. Each project has a five-year life. The annual cash flows and initial investment for each of the projects are as follows: (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables.) Annual cash flows Initial investment Project A $ 96,418 170,000 Project B $ 57,017 107,000 Project C $ 94,545 160,000 a. What is the present value of the annual cash flows for each of the three projects? (Round your answers to the nearest dollar amount.) Present Value Project A Project B Project b. What is the net present value of each of the projects? (Round your intermediate calculations and final answers to the nearest dollar amount.) Net Present Value Project A Project B Project C c. What is the profitability index of each of the projects? (Round the intermediate calculation to the nearest dollar amount. Round your answers to 2 decimal places.) Profitability Index Project A Project B Project C d. In what order should Carmen prioritize investment in the projects? O C, A, B O C, B, A O A, C, B