Exercise 14-11 (Algo) Preference Ranking of Investment Projects (L014-5) Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Present Life of Value of the Internal Investment Cash Project Rate Project Required Inflows (years) of Return A $160,000 $259,323 7 16% $135,000 $232,000 12 18% $100,000 $190,035 7 22x D $164,000 $268,136 3 17% The net present values should be computed using a 10% discount rate. The company wants your assistance in determining whic project to accept first second and so forth. Required: 1. Compute the profitability index for each project, 2. In order of preference, rank the four projects in terms of net present value profitability index, and internal rate of return Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the profitability index for each project. (Round your answers to 2 decimal places.) Project Profitability Index D Complete this question by entering your answers in the tabs below. Required: Requibed 2 In order of preference, rank the four projects in terms of net present value, profitability Index, and internal rate of return. Not Present Profitability Internal Rate Value Index of Return First preference Second preference Third preference Fourth preference