Exercise 14-11 (Algo) Preference Ranking of Investment Projects [LO14-5] Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Project Present Investment Value of Cash Required Inflows $ 200,000 $ 309,323 $ 116,000 $ 282,000 $ 100,000 $ 240,035 $ 160,000 $ 318,136 Life of the Project (years) 7 12 7 3 Internal Rate of Return 15% 20% 19% 18% B OU The net present values should be computed using a 10% discount rate. The company wants your assistance in determining which 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