The management of Edelmann Corporation is considering the following three investment projects: 
Rank the projects according to the profitability index,from most profitable to least profitable.
Definitions:
Fixed Amount
A specified sum of money that does not change or vary.
Payable
Refers to an amount of money that is owed and should be paid, often within a specified period.
Instrument
A formal document that serves as a legal evidence of a fact or agreement, such as a contract, deed, will, or promissory note.
Promissory Notes
Written promises to pay a specified sum of money to a certain person or entity under agreed terms.
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