Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(300,000	)	$	(140,000	)	$	(100,000	)	$	(1,500,000	)
Present value of cash inflows		424,800			191,700			151,100			2,001,700
Net present value	$	124,800		$	51,700		$	51,100		$	501,700
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.)

2. Rank the proposals in terms of preference.