The treasurer of Tropical Fruits, Inc., has projected the cash flows of Projects A$,$ B$,$ and C

as follows:

Suppose the relevant discount rate is $6$ percent per year.

a$.$ Compute the profitability index for each of the three projects. $($Do not round

intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Compute the NPV for each of the three projects. $($Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ Suppose these three projects are independent. Which project$($s$)$ should the company

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