The treasurer of Amaro Canned Fruits, Inc., has projected the cash flows of Projects A, B, and C as follows:

Year	Project A		Project B		Project C
0	$	180,000		$	330,000		$	180,000
1		116,000			212,000			126,000
2		116,000			212,000			96,000

Suppose the relevant discount rate is 9 percent per year.

a.	Compute the profitability index for each of the three projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	Profitability index
Project A
Project B
Project C

b.	Compute the NPV for each of the three projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	NPV
Project A	$
Project B	$
Project C	$

c.	Suppose these three projects are independent. Which project(s) should Amaro accept based on the profitability index rule?
	Project A Project B Project C Project A, Project B, Project C Project A, Project B Project A, Project C Project B, Project C

d.	Suppose these three projects are mutually exclusive. Which project(s) should Amaro accept based on the profitability index rule?
	Project A Project B Project C Project A, Project B, Project C Project A, Project B Project A, Project C Project B, Project C

e.	Suppose Amaros budget for these projects is $510,000. The projects are not divisible. Which project(s) should Amaro accept?
	Project A Project B Project C Project A, Project B, Project C Project B, Project C Project B, Project A Project A, Project C