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Sheffield Inc. is comparing several alternative capital budgeting projects as shown below: Using the profitability index, how many of the projects are acceptable? Projects A

Sheffield Inc. is comparing several alternative capital budgeting projects as shown below: image text in transcribed

Using the profitability index, how many of the projects are acceptable? image text in transcribed

Projects A B C Initial investment $92000 $132000 $172000 Present value of net cash flows 102000 122000 212000 O3 O2 1

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