Exercise 13-5 Preference Ranking (LO13-5] Information on four investment proposals is given below: Investment Proposal A D Investment required $ (270,000) $(90,000) $ (100,000) $ (2,800,000) Present value of cash 393,500 127,100 151,300 3,738,500 inflows $ 123,500 $37,100 S 51,300 $ 938,500 Net present value Life of the project 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. Project Investment Profitability Preference Rank Proposal Index A B C D