Check my work Information on four investment proposals is given below: Investment Proposal A B D $ (720,000) $(160,000) $(130,000) $(1,560,000) 1,013,000 221,800 198,900 2,081,400 Investment required Present value of cash inflows Net present value Life of the project $ 293,000 $ 61,800 $ 68,900 $ 5 years 7 years 6 years 521,400 6 years Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference. Investment Profitability Proposal Index Rank Preference B D