Dimpson Corporation is considering the following three investment projects: 
The only cash outflows are the initial investments in the projects.
Required:
Rank the investment projects using the project profitability index. Show your work
Definitions:
Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.
Internal Rate of Return
The discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero, used to evaluate the profitability of potential investments.
Accounting Basis
Refers to the method of recording accounting transactions; either on a cash basis or on an accrual basis.
Required Return
The minimum return an investor anticipates or requires from an investment to make it worthwhile.
Q12: Ebsen Corporation keeps careful track of the
Q74: An increase in accrued liabilities of $1,000
Q80: Mujalli Corporation is considering a capital budgeting
Q103: Bill Anders retires in 5 years. He
Q104: Beaver Corporation is investigating the purchase of
Q109: The management of Kleppe Corporation is investigating
Q111: Aguilera Industries is a division of a
Q285: Taccone Corporation makes a product that has
Q338: Hagel Clinic uses client-visits as its measure
Q354: Holiday Chemical Corporation uses a standard cost