Exercise 13-5 Preference Ranking (LO13-5] Information on four investment proposals is given below: Investment Proposal D $ ( 430,000) $ (50,000) $(50,000) $(1,820,000) 631,600 $ 201,600 $ 20,500 $ 26,800 $ Investment required Present value of cash inflows 2,429,200 70,500 76,800 609,200 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 Profitability Index Investment Rank Preference Proposal