Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(330,000	)	$	(40,000	)	$	(190,000	)	$	(2,380,000	)
Present value of cash inflows		480,000			56,500			286,700			3,178,500
Net present value	$	150,000		$	16,500		$	96,700		$	798,500
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.