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The management of Google Company is considering the following three investment projects (Ignore Income taxes.): Project Project R Projects Investment required $ 64,400 $105,400 $193,000

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The management of Google Company is considering the following three investment projects (Ignore Income taxes.): Project Project R Projects Investment required $ 64,400 $105,400 $193,000 Present value of cash intlows $ 70,084 $121,304 $ 211,850 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

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