your are a chairperson of the investment committee at your firm. Five projects have been submitted to your committee for approval this month. The investment required and the project profitability index for each of these projects are presented in the following table:

Project Investment PI

A $20,000 2,500

B $50,000 2,000

C 70,000 1,750

D 10,000 1,000

E 80,000 0.800

If you have $500,000 available for investoments, which of these projects would you approve? Assume that you do not have to worry about having enough resources for future investments when making this decisions.