Information on four investment proposals is given below: A Investment required Present value of cash inflows Net present value $ (790,000) 1,121,300 $ 331,300 Life of the project 5 years Required: 1. Compute the profitability index for each investment proposal. Note: Round your answers to 2 decimal places. 2. Rank the proposals in terms of preference. > Answer is complete but not entirely correct. Rank Preference Investment Proposal Profitability Index A 1.42 x Second B 1.40 Third C 1.52 x First D 1.33 Fourth B Investment Proposal $ (120,000) 168,300 $ 48,300 7 years C $ (120,000) 182,000 $ 62,000 6 years D $ (1,820,000) 2,427,200 $ 607,200 6 years