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Which one is an incorrect statement? Group of answer choices Profitability index ranking is better than NPV ranking in capital rationing Profitability index is a

Which one is an incorrect statement?

Group of answer choices

Profitability index ranking is better than NPV ranking in capital rationing

Profitability index is a ratio of PV of Future Cash Flows and Investment

Ranking of projects by profitability index is similar to that of NPV

Profitability index value is always more than 1 for positive NPV projects

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