Information on four investment proposals is given below: Investment Proposal A B C D Investment required $ (85,700) $ (201,000) $ (92,000) $ (172,000) Present value of cash inflows 120,700 256,000 140,000 225,000 Net present value $ 35,000 $ 55,000 $ 48,000 $ 53,000 Life of the project 8 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.) Proposal Project Profitability Index A B C D 2. Rank the proposals in terms of preference. B C A D A B C D C A D B D C B A