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: 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 retum. Complete this question by entering your answers in the tabs below. Compute the profitability index for each project. (Round your answers to 2 decimal places.) Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: 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 profitabliity 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. In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return