Exercise 12-5 Preference Ranking (L012-5) Information on four investment proposals is given below. Investment required Present value of cash intlow Net present value Life of the project Investment Proposal $104,000) $(114,000) $184,000) 31141,000) 162,240 150,00 109,200 197,400 $ 58,240 $ 36,450 $ 25,200 $ 56,400 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 plac 2. Rank the proposals in terms of preference, Answer is complete but not entirely correct. Project Investment Profitability Rank Proposal Index Preference A 1.56 First B 1.32 Third c 130 Fourth 1.40 Second MacBook Air doo EO A $ 4 % 5 & 7 2 8 3 6 E R T Y U