Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(190,000	)	$	(180,000	)	$	(170,000	)	$	(900,000	)
Present value of cash inflows		267,400			249,400			259,300			1,197,500
Net present value	$	77,400		$	69,400		$	89,300		$	297,500
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.