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The management of Pattee Corporation is considering three investment projects-M, N, and O. Project M would require an investment of $25,000, Project N of $67,000, and Project O of $70,000. The present value of the cash inflows would be $28,750 for Project M, $73,700 for Project N, and $79,100 for Project O.Rank the projects according to the profitability index, from most profitable to least profitable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970605

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