Information on four investment proposals is given below. A B Investment required Present value of cash inflows Net present value Life of the project $ (420,000) 589,700 $ 169,700 5 years $ (200,000) 276,400 $ 76,400 $ 89,700 7 years 6 years Investment Proposal C $ (170,000) 259,700 D $ (2,400,000) 3,203,000 $803,000 6 years Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference. Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places... 2. Rank the proposals in terms of preference. Investment Profitability Rank Proposal Index Preference A 09 B C D