Question: Red River Corp, is evaluating various capital projects using the net present value method and uses the proftabilify index to rank projects. The following are

 Red River Corp, is evaluating various capital projects using the net

Red River Corp, is evaluating various capital projects using the net present value method and uses the proftabilify index to rank projects. The following are the costs and NPV for three projects it is considering. Which project would you rank as #1 based on the profitability index? x

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