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	-$150,000	-$300,000	-$150,000
1	$110,000	$200,000	$120,000
2	$110,000	$200,000	$90,000

Suppose the relevant discount rate is 12%

a) Compute the NPV and Profitability Index for each project

	Project A	Project B	Project C
NPV	?	?	?
Profitability Index	?	?	?

b) Suppose these three projects are independent of one another. Choosing one has no impact on your ability to choose either of the other two. Which project(s) should Amaro accept?

c) Suppose these three projects are mutually exclusive. Which project(s) should Amaro accept?

d) Suppose Amaro's budget for these projects is $450,000. The projects are not divisible. Which project(s) should Amaro accept?