Check my work 2 The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows: Project Number S (300,000) 1,42 Investment required $(450,000) $ (300,000) (400,000) Present value of cash inflows at a points 490,183 477,004 108 discount rate 348,400 373,050 48,400 40,183 S 77,004 73,050 Skipped Net present value Life of the project 6 years 12 years 148 6 years 3 years Internal rate of return 13% 15% 23% eBook Because the company's required rate of return Limited funds are available for investment, so %, a 10 % discount rate has been used in the present value computations above. he company can't accept all of the available projects Required: Compute the project profitability index for each investment project 2. Rank the four projects according to preference, in terms of net present value, project profitability index and internal rate of return Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the project profitability index for each investment project. (Round your answers to 2 decimal places.) Profitability Index Project 1 2 3 Check my work 2 Present value of cash inflows at a 373,050 108 discount 490,183 477,004 348,400 rate 40,183 S 77,004 S 48,400 73,050 Net present value Life of the project 12 years 6 years 138 6 years 3 years 239 Internal rate of return 14% 15! 1.42 points Because the company's required rate of return is 10%, a 10% discount rate has been used in the present value computations above. Limited funds are available for investment, so the company can't accept all of the available projects. Skipped Required: 1. Compute the project profitability index for each investment project. 2. Rank the four projects according to preference, in terms of net present value, project profitability index and internal rate of return. eBook Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Rank the four projects according to preference, in terms of net present value, project profitability index and internal rate of return Project Profitability Index Internal Rate Net Present Value of Return First preference Second preference Third preference Fourth preference