8. 2.00 polnts Oxdord Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows Life of Int Net Present the Project of Retun (years)(percent) Rate nvestment $870,000 $680,000 $570,000 $770.000 $262,300 $294,250 $126,800 $244,400 19% 17% 24% The net present values above have been computed using a 10% discount rate. The company wants your assistance in desermining 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 2. In order of preference, rank the four projects in terms of net present value, project protnability index and internal rate of return Net Present Profitability Internal Rate of Return First preference Second preference Third preference Fourth preterence