Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(430,000)	$	(50,000)	$	(50,000)	$	(1,820,000)
Present value of cash inflows		631,600		70,500		76,800		2,429,200
Net present value	$	181,600	$	20,500	$	26,800	$	609,200
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.)

2.

Rank the proposals in terms of preference.

	C A B D
	B C A D
	A B C D
	D C B A