Question: help Required: An investment manager is currently evaluating three projects: 1. Project 1 requires an initial investment of $10,000 and will provide future cash flows

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Required: An investment manager is currently evaluating three projects: 1. Project 1 requires an initial investment of $10,000 and will provide future cash flows of $26,000; the PV of the future cash flows is $17,000 2. Project 2 requires an initial investment of $20,000 and will provide future cash flows of $60.000 : the PV of the future cash flows is $31,000 3. Project 3 requlres an initial investment of $30,000 and will provide future cash flows of $100,000; the PV of the future cash flows is $56,700 Rank the projects from most to least desirable using the profitablility index. Note: Round your answers to the 2 decimal places

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