M11-8 Calculating Profitability Index [LO 11-6] Cullumber Corp. is considering three projects. Project A has a present value of $265,000 and an initial investment of $110,000. Project B has a present value of $400,000 and an initial investment of $220,000. Project C has a present value of $115,000 and an initial investment of $112,000. Using the profitability Index, determine the order Cullumber should prioritize A, B, C projects. (Round your answers to 4 decimal places.) Projects Profitability Index Rank Project A Project B Project