Exercise 13-11 Preference Ranking of Investment Projects [L013-5 Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Internal Rate Life of Net Present the (years) (percent) 10 Project of Return Investment Project Required 5920,000 $705,000 5820,000 5820.000 $149,9303 $141,480 $278,200 $119,245 18% 19% 17% 20% B The net present values above have been computed using a 10% disoount rate The oom pany wants your assistance in determining which project to accept first, seoond, and so forth Required 1. Compute the project profitability index for each project. (Round your answers to 2 decimal places.) Project Profitability 2. In orcer of preference. rank the four projects in terms of net present value, projest profitabity ndex and internal rate of returh Net Present Profitability of Return ProjectInternal Rate Value Index First pre erence Seoond preferende Thire preferenoe Fourth ore Ference