Required: I. Compute the project profitability index for each project. 2. In order of preference, rank the four projects in terms of a. b. c. Net present value. Project profitability index Internal rate of return 3. Which ranking do you prefer? Why'? EXERCISE 8-12 Uncertain Cash Flows [LO a The Cambro Foundation, a nonprofit organization, is planning to invest $104,950 in a project that will last for three years. The project will produce net cash inflows Year 1 . Year 2 Year 3. $30,000 $40,000 Required: Assuming that the project will yield exactly a 12% rate of return, what is the expected net cash inflow for Year 3? EXERCISE 8-13 Basic Payback Period and Simple Rate of Return Computations [LO 8-1, LO 8-6)