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(Ignore income taxes in this problem.) Romanov Corporation is considering the following three investment projects: Project P Project Q Project R Investment required $15,000 $50,000

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(Ignore income taxes in this problem.) Romanov Corporation is considering the following three investment projects: Project P Project Q Project R Investment required $15,000 $50,000 $71,000 Present value of cash inflows....... $15,150 $54.500 $75,970 The only cash outflows are the initial investments in the projects. Required: Rank the investment projects using the project profitability index. Show your work

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