What is the profitability Index as a technique used in investment Appraisal? b) Two types of capital rationing c) An organization has a capital allocation of R1.1 million and has the following feasible projects. INVESTMENT REQUIRED W X Y PROJECT __(R)__ 400 000 250 000 1 000 000 600 000 750 000 NET PRESENT VALUE (B) 50 000 35.000 60 000 95 000 85 000 Which of the above projects should the organization undertake, assuming that all projects are divisible?