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newconnect.mheducation.com Student Portal | Saint M. Become a Sponsor - B. Connect - To Do Assign.. https://gaellearn.stmary.. MHE Reader work Submitted Information on four investment proposals is given below: Investment Proposal U Investment required Present value of cash $ (420, 000 ) $ ( 200, 000 ) $ ( 170, 000) $ (2, 400, 000) inflows 589 , 700 276 , 400 259 , 700 3, 203, 000 Net present value $ 169, 700 $ 76, 400 $ 89, 700 $ 803 , 000 Life of the project 5 years 7 years 6 years 6 years Required: 1. Compute the project profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference. Investment Project Rank Proposal Profitability Index Preference 1.40 X Second CO X Third O 1.53 x First 1.33 x Fourth