Exercise 11-3 Preference Ranking [LO11-3] Information on four investment proposals is given below: Investment Proposal Investment required Present value of cash inflows $ (360,000) S (150,000) $(130,000) $ (1,200,000) 210,300 197,300 506,000 1,601,100 Net present value $ 146,000 S 60,300 $ 67,300 $ 401,100 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.) Project Investment ProposalProfitability Index 2. Rank the proposals in terms of preference DCBA BCAD ABCD CABD