Information on four investment proposals is given below:

Investment Proposal A B C D

Investment required $ (60,000) $ (70,000) $ (40,000) $ (990,000)

Present value of cash inflows 88,000 97,300 64,200 1,318,700

Net present value $ 28,000 $ 27,300 $ 24,200 $ 328,700 Life of the project 5 years 7 years 6 years 6 years

1. Compute the project profitability index for each investment proposal. (Round your answers to 2 decimal places.)

These are the answers I got but they are wrong please help a)1.47 b)1.39 c)1.61 d)1.33