Information on four investment proposals is given below:

Investment Proposal

A

B

C

D

Investment required

$

(240,000)

$

(42,000)

$

(180,000)

$

(1,900,000)

Present value of cash inflows

337,300

53,500

271,800

2,536,700

Net present value

$

97,300

$

13,500

$

91,800

$

636,700

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.)

Investment proposal	profitibility index
a
b
c
d