E11-8 (Algo) Comparing Projects Using Profitability Index [LO 11-6] Shaylee Corp has $2.00 million to invest in new projects. The company's managers have presented a number of possible options that the board must prioritize. Information about the projects follows: Project A Project 3 Project C Project D Initial investment $ 416,000 $ 231,000 $ 721,000 $946,000 Present value of future cash flows 766,000 416,000 1,201,000 1,561,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously? 2-A. Calculate the profitability Index for each project. 2-B. What is Shaylee's order of preference based on the profitability index? Complete this question by entering your answers in the tabs below. Req1 Req 2A and 20 Is Shaylee able to invest in all of these projects simultaneously? Is Shaylee able to invest in all of these projects simultaneously?