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.

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