Problem 5-15 Profitability Index versus NPV Hanmi Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering investments in three different technologies to develop wireless communication devices. Consider the following cash flows of the three independent projects available to the company. Assume the discount rate for all projects is 11 percent. Further, the company has only $20 million to invest in new projects this year. Cash Flows (in $ millions) Year a. 0 123 CDMA G4 Wi-Fi 7 GA $ 10 6.5 4.5 3=22 055 13 $ 11 26 20 222 20 18 32 20 Calculate the profitability index for each investment. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) CDMA G4 Wi-Fi Profitability index b. Calculate the NPV for each investment. (Enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) CDMA G4 Wi-Fi NPV $ SSS