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Perkins Corporation is considering several investment proposals, as shown below:
| | | Investment Proposal | |
| | A | B | C | D |
| Investment required | $ | 124,000 | | $ | 155,000 | | $ | 93,000 | | $ | 116,250 | |
| Present value of future net cash flows | $ | 148,800 | | $ | 232,500 | | $ | 130,200 | | $ | 252,000 | |
| |
If the project profitability index is used, the ranking of the projects from most to least profitable would be:
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