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(Ignore income taxes in this problem.) The management of Dittrick Corporation is considering the following three investment projects:
Project I Project J Project K
Investment required $13,000 $41,000 $93,000
Present value of cash inflows $13,520 $47,150 $103,230
Rank the projects according to the profitability index, from most profitable to least profitable. A) I,J,K; B) K,J,I; C) J,K,I; D) I,K,J
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