estment proposals is given below: Investment Proposal Investment required $ (330, 090) $ (40, 000) $(190,000) $(2,380,000) Present value of cash inflows 480 , 000 56, 500 286, 700 3,178,500 Net present value $ 150, 000 $ 16, 500 $ 96, 700 9 798,500 points Life of the project 5 years 7 years 6 years 6 years 00:43:02 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. Project Investment Rank Proposal Profitability Preference Index 0.45 Second