Exercise 13-5 Preference Ranking (LO13-5) Information on four investment proposals is given below: Investment required Present value of cash inflows Net present value Life of the project Investment Proposal B D $ (720,000) $(160,000) $(130,000) $(1,560,000) 1,013,000 221,800 198,900 2,081,400 $ 293,000 $ 61,880 $ 68,900 $ 521,400 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 places.) 2. Rank the proposals in terms of preference, Investment Proposal Project Profitability Index Rank Preference A B D