Shaylee Corp has $2.25 million to invest in new projects. The companys managers have presented a number of possible options that the board must prioritize. Information about the projects follows:

	Project A		Project B		Project C		Project D
Initial investment	$	590,000	$	270,000	$	830,000	$	985,000
Present value of future cash flows		805,000		435,000		1,240,000		1,600,000

Required: 1. Is Shaylee able to invest in all of these projects simultaneously?

	No
	Yes

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?