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1 Hyde Inc. is comparing several alternative capital budgeting projects as shown below:

Projects

A

B

C

Initial Investment

$110,000

$90,000

$50,000

Present value of cash inflows

$100,000

$100,000

$60,000


Using the profitability index, rank the projects, starting with the most attractive.
A, C, B.
A, B, C.
C, A, B.
C, B, A.

 

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