Information on four investment proposals is given below: D Investment required Present value of cash Inflows Investment Proposal $(420,000) $1200,000) $170,000) $(2,400.000) 589,700 276,400 259,700 3.203.000 Net present value $169,700 $ 76,400 $ 89,700 $ 803,000 Life of the project 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.) Investment Project Proposal Profitability Index A B D 2. Rank the proposals in terms of preference. BCAD DCBA ABCD CABD