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Fonics Corporation is considering the following three competing investment proposals: Aye Bee Cee Initial investment required $62,000 $74,000 $95,000 Net present value $10,000 $8,000 $12,000
Fonics Corporation is considering the following three competing investment proposals: Aye Bee Cee Initial investment required $62,000 $74,000 $95,000 Net present value $10,000 $8,000 $12,000 Internal rate of return 15% 17% 18% Using the project profitability index, how would the above investments be ranked (highest to lowest)? A. Aye, Bee, Cee B. Aye, Cee, Bee C. Cee, Bee, Aye D. Bee, Cee, Aye
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