Shaylee Corp has $2 million to invest in new projects. The company's managers have presented a number of possible options that the board must prioritize. Information about the projects follows: Initial investment Present value of future cash flows Project A $ 415,000 Project B $ 230,000 765,000 415,000 Project C $ 720,000 1,200,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously? 2-a. Calculate the profitability index for each project. 2-b. What is Shaylee's order of preference based on the profitability index? Complete this question by entering your answers in the tabs below. Req 1 Req 2A and 2B 2-a. Calculate the profitability index for each project. (Round your answers to 4 decimal places.) 2-b. What is Shaylee's order of preference based on the profitability index? Profitability Index Rank Project A Project B Project C Project D $ Project D 945,000 1,560,000