The profitability index used to evaluate investment projects

a) is useful when the projects are mutually exclusive and there are different initial investments.

b) is the present value of the expected future cash flows of the project.

c) is the future value of the initial investment divided by the present value of the expected future cash flows.

d) tells investors to accept all projects where the PI < 1.

e) is never used by a firm that is subject to capital rationing.

f) is the present value of the expected figure cash flows after the initial investment divided by the amount of the initial investment.

g) is both a) and f) above.

h) is both a) and c) above.

i) is both c) and e) above.