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Mcniel Corporation is considering the following three investment projects (Ignore income taxes): Project E Project F Project G Investment required $ 11,000 $ 51,000 $

Mcniel Corporation is considering the following three investment projects (Ignore income taxes): Project E Project F Project G Investment required $ 11,000 $ 51,000 $ 77,000 Present value of cash inflows $ 12,980 $ 55,590 $ 81,620 Required: a. Calculate the profitability index projects. (Round your answers to 2 decimal places.) Project E Project F Project G b. Rank the investment projects using the project profitability index. Rank 1 Rank 2 Rank 3

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