E11-8 (Algo) Comparing Projects Using Profitability Index [LO 11-6) Shaylee Corp has $2.00 million to invest in new projects. The company's managers have presented a number of possible options that the board must prioritize. Information about the projects follows: Project A Project B Project C Project D Initial investment $ 417,000 $ 232,000 $ 722,000 $ 947,000 Present value of future cash flows 767,000 417,000 1,202,000 1,562,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously? 2-A. Calculate the profitability Index for each project. 2-B. What is Shaylee's order of preference based on the profitability Index? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A and 2B IS Shaylee able to invest in all of these projects simultaneously? Is Shaylee able to invest in all of these projects simultaneously? Req2A and 28 > E11-8 (Algo) Comparing Projects Using Profitability Index [LO 11-6) Shaylee Corp has $2.00 million to invest in new projects. The company's managers have presented a number of possible options that the board must prioritize. Information about the projects follows: Project A Project B Project C Project D Initial investment $ 417,000 $ 232,000 $ 722,000 $ 947,000 Present value of future cash flows 767,000 417.000 1,282,000 1,562,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously? 2-A. Calculate the profitability index for each project. 2-8. What is Shaylee's order of preference based on the profitability index? Complete this question by entering your answers in the tabs below. Reg1 Reg A and 28 2-A. Calculate the profitability index for each project. (Round your answers to 4 decimal places.) 2-B. What is Shaylee's order of preference based on the profitability index? Profitability Index Rank Project A Project B Project C Project D