07 information on tour investment proposals is given below Investment Proposal A B C $(118,000) $(128,000) $(98,000) $(162,000) 153,480 204,800 142,100 226,860 $ 35,400 $ 76,800 $ 44,100 $ 64,800 5 years 7 years 6 years 6 years Investment required Present value of cash inflows Net present value Life of the project 2.5 points Required: 1. Compute the project profitability index for each investment proposal. (Round your answers to 2 decimal pl 2. Rank the proposals in terms of preference Answer is complete but not entirely correct. Investment Project Rank Profitability Proposal Index Preference A 1.30 Fourth B 1 60 First 1 45 Second D 1.40 X Third