The management of Winstead Corporation is considering the following three investment projects (Ignore income taxes.): Project Q Project R Projects Investment required $ 28,400 $ 64,400 $108,000 Present value of cash inflows $ 30,124 $ 73, 744 $119,200 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 Project R Projects Project Rank 3