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

	Project C			Project D			Project E
Investment required	$	50,400		$	57,400		$	119,000
Present value of cash inflows	$	55,944		$	66,584		$	129,710

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