Information on four investment proposals is given below:

		Investment Proposal
	A				B				C				D
Investment required	$	(900,000	)		$	(170,000	)		$	(90,000	)		$	(1,430,000	)
Present value of cash inflows		1,263,600				233,400				136,500				1,908,300
Net present value	$	363,600			$	63,400			$	46,500			$	478,300
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.

	D C B A
	B C A D
	A B C D
	C A B D