Progress Co has the following non-divisible projects available:Project PV Cash outflows PV Cash inflows Profitability index $ $1 200,000 300,000 1.502 450,000 725,000 1.613 350,000 425,000 1.214 900,000 1,300,000 1.445 600,000 1,000,000 1.67Assuming the company has $1,000,000 to invest in capital projects, which combinationof projects should Progress Co accept?
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