TB Problem Qu. 12-175 The management of Winstead Corporation... The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.) Project Project R Projects Investment required $21,200 $ 56,200 $ 91,000 Present value of cash inflows $ 22,132 $ 64,232 $100,670 The only cash outflows are the initial investments in the projects. Required: Rank the investment projects using the project profitability index. Rank 1 Rank 2 Rank 3 Project Project R Projects