Question: 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

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.

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