Trillium Company is considering investing in 3 different projects. It only has enough cash to invest in ONE. Here is a summary of all three projects: Project X Up front cash required $900,000 Depreciation $200,000 Net Present Value of Future Cash Flows $1,200,000 Up front working capital required $300,000 Project Y Up front cash required $700,000 Depreciation $100,000 Net Present Value of Future Cash Flows $500,000 Up front working capital required $100,000 Project Z Up front cash required $1,400,000 Depreciation $450,000 Net Present Value of Future Cash Flows $1,800,000 Up front working capital required $400,000 a) Calculate the Profitability Index for each Project (6 Marks) b) Which Project, if any, should the company select and why? (3 Marks) c) Do any of the Projects have an IRR greater than OR less than the company's Discount Rate? Explain your answer. (4 Marks)