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Veer Corporation is considering three investment projects: K, L, and M. Project K would require an investment of $27,000, Project L of $59,000, and Project

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Veer Corporation is considering three investment projects: K, L, and M. Project K would require an investment of $27,000, Project L of $59,000, and Project M of $88,000. No other cash outflows would be involved. The present value of the cash inflow would be $31,860 for [roject K, $66080 for Project L, and $95,040 for Project M. Compute the NPV for Project L Rank the project according to the Net Present Value from most profitable(1) to least profitable(3). Compute the project prfitability for K. Give answer in decimal form. Compute the project profability for L. Give answer in decimal form. Rank Veer's investments by Project profitability index from most to least desirable. from most DESIRABLE(1) to least desirable(3)

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