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Novak Inc. is comparing several alternative capital budgeting projects as shown below: Projects A B C Initial investment $108000 $148000 $188000 Present value of net
Novak Inc. is comparing several alternative capital budgeting projects as shown below: Projects A B C Initial investment $108000 $148000 $188000 Present value of net cash flows 118000 138000 228000 Using the profitability index, the projects rank as
C, A, B.
A, C, B.
C, B, A.
A, B, C.
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