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Choudhury Corporation is considering the following three investment projects (Ignore income taxes.): Project H Project I Project J Investment required $11,000 $53,000 $89,000 Present Value

Choudhury Corporation is considering the following three investment projects (Ignore income taxes.):

Project H Project I Project J

Investment required $11,000 $53,000 $89,000

Present Value of cash inflows 12,980 61,480 96,120

* The only cash outflows are the initial investments in the projects.

Required: Rank the investment projects using the project profitability index.

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