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Eddie Corporation is considering the following three investment projects (Ignore income taxes.): Project C Project D Project E Investment required $ 86,400 $ 98,400 $
Eddie Corporation is considering the following three investment projects (Ignore income taxes.):
| Project C | Project D | Project E | |||||||
| Investment required | $ | 86,400 | $ | 98,400 | $ | 204,000 | |||
| Present value of cash inflows | $ | 95,904 | $ | 114,144 | $ | 222,360 | |||
Rank the projects according to the profitability index, from most profitable to least profitable.
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