Profitability Index versus Net Present Value 715 Hanmi Group a consumer electronics conglomerate, is r reviewing its annual budget different technologies 715 Hanmi Group, a consumer electroni in wireless technology. It is considering investments in three to develop wireless communication devices. Consider the fo three independent projects for Hanmi. Assume the discount rate 10 cent. Further. Hanmi Group has only s20 million to cash flows of the r Hanmi is 10 per invest in new projects this year: llowing Cash flow (in $ millions) Wi-Fi -$20 18 32 20 Year CDMA G4 -$12 10 25 20 0 -$8 2 7.5 2.5 a. Based on the PI decision rule, rank these investments. b. Based on the NPV, rank these investments. c. Based on your findings in (a) and (b), what would you recommend to the CEO of Hanmi Group and why? narina Investment riteria