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	$	200,000		$	365,000		$	200,000
1		129,000			226,000			139,000
2		129,000			226,000			109,000

Suppose the relevant discount rate is 8 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.)

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.)

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 $565,000. 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