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The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Q $ 75,200 Project R $ 117,700 $

The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Q $ 75,200 Project R $ 117,700 $ 135,572 Project S $ 218,500 $ 239,645 Investment required Present value of cash inflows $ 82,072 The only cash outflows are the initial investments in the projects. Required: Rank the investment projects using the project profitability index.

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