Exercise 12-5 Preference Ranking (LO12-5) Information on four investment proposals is given below: Investment required Present value of cash in love Net present value Life of the project Investment Proposal A 3 C D ${114,000) $(124,000) (94,000) (156,000 180, 120 173,600 126,900 203,920 $ 66,120 349,600 $ 32,900 $ 49,920 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.) 2. Rank the proposals in terms of preference. Investment Proposal Project Profitability Index Rank Preference A B C D