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Information on three investment projects is given below: Project A Initial Investment $120,000 $ 75,000 $ 90,000 Net present value $ 90,000 $ 97,500 $

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Information on three investment projects is given below: Project A Initial Investment $120,000 $ 75,000 $ 90,000 Net present value $ 90,000 $ 97,500 $ 75,000 B C Using the project profitability index, rank the projects from most to least desirable: O B,A,C 0 A, B, C 0 B, C, A

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