Information on four investment proposals is given below: Investment Proposal A B C D Investment required $ (138,000 ) $ (148,000 ) $ (118,000 ) $ (192,000 ) Present value of cash inflows 209,760 227,920 188,800 257,280 Net present value $ 71,760 $ 79,920 $ 70,800 $ 65,280 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.