Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(280,000	)	$	(140,000	)	$	(50,000	)	$	(780,000	)
Present value of cash inflows		393,900			192,800			78,100			1,038,100
Net present value	$	113,900		$	52,800		$	28,100		$	258,100
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.