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The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Project 2 S 82,400 125,900 S 235,500 Project 3

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The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Project 2 S 82,400 125,900 S 235,500 Project 3 Investment required Discounted value of cash inflows $ 90,064 145,084 S 258,175 The only cash outflows are the initial investments in the projects Required: Rank the investment projects using the project profitability index. Rank 1 project Rank 2 project Rank 3 project

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