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Early, Inc. has chosen four potential investment projects. Listed below are some relevant data on these projects: ProjectInvestmentNet Present Value 1$125,000$62,5002150,00045,000375,00052,5004112,50045,000 Use the profitability index

Early, Inc. has chosen four potential investment projects. Listed below are some relevant data on these projects:

ProjectInvestmentNet Present Value1$125,000$62,5002150,00045,000375,00052,5004112,50045,000

Use the profitability index to rank these investments in terms of preference:

1, 3, 2, 4

2, 1, 4, 3

1, 2, 3, 4

3, 1, 4, 2

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