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3. value 234 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: Int Net InvestmentPresentProject of Return (years) (percent) 1996 Required $850,000 $745,000 $700,000 $900,000 $269,640 $277,100 $278,468 $169,410 17% 21% 20% The net present values above have been computed using a 10% discount rate. The company wants your 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 Profitability 2. In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return 3 20% $900,000 The net present values above have been computed using a 10% discount rate. The company wants your 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 Profitabili Index 2. In order of preference, rank the four projects in terms of net present value, project profitability index and ProjectInternal Rate Net Present Profitability of Return Value Index First preference Second preference Third preference Fourth preference