cises Information on four investment proposals is given below. Investment Proposal Investment required Present value of cash inflows Net present value Life of the project $(270,890) $(99,880) S(180,000) $(2,800,000) 393,589 127,180 151,309 3,738,500 $ 123,500 $ 37,100 $ 51,300 $ 938,580 5 years 7 years 6 years 6 years Required: 1. Compute the project profitability index for each investment proposal (Round your an 2. Rank the proposals in terms of preference. Investment Proposal Rank Preference Project Profitability Index (0.40) 126,000.00 B C First