Information on four investment proposals is given below:

Investment Proposal

A

B

C

D

Investment required

$

(130,000)

$

(140,000)

$

(150,000)

$

(1,260,000)

Present value of cash inflows

185,600

193,800

228,600

1,681,100

Net present value

$

55,600

$

53,800

$

78,600

$

421,100

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.) 2) Rank the proposals in terms of preference.