Norwich Manufacturing is considering three capital investment proposals. At this time, the company has funds available to pursue only one of the three investments.

$($Click the icon to review the proposals.$)$

Requirement

Which investment should Norwich Manufacturing pursue at this time? Why?

Since each investment presents a positive NPV$,$ Norwich Manufacturing should use the profitability index to compare the profitability of each investment.

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Data table

$\backslash$table$[[,$Equipment A$,$Equipment B$,$Equipment C$],[\backslash$table$[[$Present value of net cash$],[$inflows$],[$Investment $...........]],$$$,\backslash$table$[[1,705,000$