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

	Project C			Project D			Project E
Investment required	$	64,800		$	73,800		$	153,000
Present value of cash inflows	$	71,928		$	85,608		$	166,770

Rank the projects according to the profitability index, from most profitable to least profitable.

Multiple Choice

E, C, D

E, D, C

D, C, E

C, E, D