Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(104,000	)	$	(114,000	)	$	(84,000	)	$	(141,000	)
Present value of cash inflows		162,240			150,480			109,200			197,400
Net present value	$	58,240		$	36,480		$	25,200		$	56,400
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.