Munson Inc. is comparing several alternative capital budgeting projects as shown below.
Projects
|
A
|
B
|
C
|
Initial Investment
|
$150,000
|
$55,000
|
$95,000
|
Present value of cash inflows
|
$200,000
|
$65,000
|
$100,000
|
Using the profitability index, rank the projects, starting with the most attractive.