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Please assist. Thank you! The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Investment required Present value of cash

Please assist. Thank you!

The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Investment required Present value of cash inflows Project $ 50,000 $ 54,100 Project R $ 89,000 $102,280 Project S $159,699 $174,790 The only cash outflows are the initial investments in the projects Required: Rank the investment projects using the project profitability index. Rank 1 Rank 2 Rank 3

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