Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(112,000	)	$	(122,000	)	$	(92,000	)	$	(153,000	)
Present value of cash inflows		176,960			190,320			119,600			223,380
Net present value	$	64,960		$	68,320		$	27,600		$	70,380
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.