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Four projects are under consideration as potential investment opportunities for Julius Builders, Inc. The initial investments for Projects SSF, NYK, 3PT, and POF are: $703,000,$874,400,$904,000,

image text in transcribed Four projects are under consideration as potential investment opportunities for Julius Builders, Inc. The initial investments for Projects SSF, NYK, 3PT, and POF are: $703,000,$874,400,$904,000, and $968,000 respectfully. The projected cash inflows (at net present value) are as follows: (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Calculate the Profitability Index for each of the projects. 2. Based on the Profitability Index, which project should be selected

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