Fonics corporation is considering the following three, Ask an Expert

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Fonics Corporation is considering the following three competing investment proposals:

Aye Bee Cee
Initial investment required $62,000 $74,000 $95,000
Net present value $10,000 $8,000 $12,000
Internal rate of return 15% 17% 18%

Using the project profitability index, how would the above investments be ranked (highest to lowest)?

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Category:- Accounting Basics
Reference No.:- M9968910

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