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Given the following information, in which order would you choose the following projects based on the profitability index? Project A (NPV of cash flows: $160,000,

Given the following information, in which order would you choose the following projects based on the profitability index? Project A (NPV of cash flows: $160,000, Investment Cost: $50,000) Project B (NPV of cash flows: $230,000, Investment Cost: $190,000) Project C (NPV of cash flows: $180,000, Investment Cost: $110,000)

a Project C, Project B then Project A
b Project A, Project B then Project C
c Project B, Project C then Project A
d Project A, Project C then Project B
Project B, Project A then Project C

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