Information on four investment proposals is given below: D Investment required Present value of cash inflows Net present value Life of the project Investment Proposal B $(60,000) $(190,000) $(110,000) $(2,660,000) 88,600 260, 600 168,600 3,551,000 $ 28,600 $ 70,600 $ 58,600 $ 891,000 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. Investment Proposal Project Profitability Index Rank Preference A B D First Second Third Fourth