The cost of capital is 15%. Cash flows associated with projects A,B,C,D,E are:

	CF0	CF1	CF2	CF3
A	-100	30	150	70
B	-66	30	50	60
C	-33	40	20	40
D	-66	60	50	30
E	-50	60	50	20

Rank these projects from the best to the worst according to the profitability index.

Question 6 options:

12345	D
12345	C
12345	B
12345	A
12345	E