Check my work 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.) 1.36 points Annual cash flows Initial investment Project $80, 477 156,000 Project. B $ 56,550 105,600 Project C $78,569 146.000 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.) References Present Value Project A Projects Project pell ASSIyer 1 Help Save & EXIT SUOI Check my work 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 36 points Project A Project B Project C eBook References 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 Project Project Project