Exercise 12-11 (Algo) Preference Ranking of Investment Projects [LO12-5] Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected Information on the four projects follows: Present value Life of the Internal Project Investment Required $140,000 $140,000 $103,000 $170,000 of Cash Project Rate of Inflows $254,323 $ 227,000 (years) Return 7 17% 12 21% $ 185,035 $263,136 19% 3 22% The net present values should be computed using a 10% discount rate. The company wants your assistance in determining which project to accept first, second, and so forth. Required: 1. Compute the profitability index for each project. 2. In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the penfitabilitu induer