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Selma Inc -Using the Profitability Index, How Many of the Projects Are

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Selma Inc. is comparing several alternative capital budgeting projects as shown below:
..  Projects ABC Initial investment $80,000$120,000$160,000 Present value of net cash flows 90,000110,000200,000\begin{array}{lrrr}&&\text { Projects }\\&A&B&C\\\text { Initial investment } & \$ 80,000 & \$ 120,000 & \$ 160,000 \\\text { Present value of net cash flows } & 90,000 & 110,000 & 200,000\end{array}
-Using the profitability index, how many of the projects are acceptable?


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