Womac Corp. is considering three projects. Project A has a present value of \($265,000\) and an initial investment of \($120,000\). Project B has a present value of \($400,000\) and an initial invest¬ ment of \($220,000\). Project C has a present value of \($115,000\) and an initial investment of $30,000.

Using the profitability index, determine how Womac should prioritize these projects.