Bogart Company Is Considering the Following Three Investment Opportunities

Bogart Company is considering the following three investment opportunities:
Opportunity 1: Has an initial cost of $200,000 and the present value of its net cash inflows is $240,000.
Opportunity 2: Has an initial cost of $250,000 and the present value of its net cash inflows is $275,000.
Opportunity 3: Has an initial cost of $300,000 and the present value of its net cash inflows is $345,000.
Using the profitability index, rank the investment opportunities from most profitable to least profitable.

A) 3, 2, 1
B) 2, 3, 1
C) 2, 1, 3
D) 1, 3, 2