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Cullumber Corp. is considering three projects. Project A has a present value of $265,000 and...

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Cullumber Corp. is considering three projects. Project A has a present value of $265,000 and an initial investment of $110,000. Project B has a present value of $400,000 and an initial investment of $220,000. Project C has a present value of $115,000 and an initial investment of $112,000. Using the profitability index, determine the order Cullumber should prioritize A, B, C projects. (Round your answers to 4 decimal places.) Profitability Index Rank Projects Project A Project B Project C

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