Eddie Corporation is considering the following three investment projects (Ignore income taxes.): Project CProject DProject EInvestment required$36,000 $41,000 $85,000 Present value of cash inflows$39,960 $47,560 $92,650 Rank the projects according to the profitability index, from most profitable to least profitable.
A. E, D, C
B. C, E, D
C. D, C, E
D. E, C, D
Answer: C
Business
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