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M Q32) Calculate the profitability index for the below projects and indicate your order of choices. (You should explain your reasoning as well) Project PV

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M Q32) Calculate the profitability index for the below projects and indicate your order of choices. (You should explain your reasoning as well) Project PV Investment L $4 mil. $3 mil. 6 mil 5 mil. N 10 mil. 7 mil. O 8 mil. 6 mil. P 5 mil. 4 mil. (Ans. N, L or O, P,) If you have $10 mil. of funds, indicate your investment choices? (Ans. N and L)

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