Shaylee Corp has $2.10 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 Project B Project C Project D $ 720,000 $ 400,000 960,000 1,115,000 935,000 500,000 1,650,000 1,310,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously Yes No 2-a. Calculate the profitability index for each project. (Round your answers to 4 decimal places.) Profitability Index Project A Project B Project C Project D 2-b. What is Shaylee's order of preference based on the profitability index? Rank Project A Project B Project C Project D