The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Q Project R Project S Investment required $ 64, 400 $ 105 , 400 $ 193,000 Present value of cash inflows $ 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 ceS Rank 2 Rank 3