10.00 points Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows Net Present Value S389,390 $265,870 $234,429 $151,930 Rate Investment Project of Return $820,000 $655,000 $520,000 $720,000 percent) 21% 17% 20% 18% 14 The net present values above have been computed using a 10% discount rate. The company wants you assistance in determining which project to accept first, second, and so forth Required: 1. Compute the project profitability index for each project. (Round your answers to 2 decimal places.) Project Index 2. In order of preference, rank the four projects in terms of net present value. project profitability index and internal rate of return ProjectInternal Rate Net PresentProfitability of Return Index Value First preference Second preference Third preference Fourth preference