Information on four investment proposals is given below:

Investment Proposal A B C D Investment required $ (60,000) $ (190,000) $ (110,000) $ (2, 660,000) Present value of cash inflows 88,600 260,600 168, 600 3, 551, 090 Net present value $ 28, 600 $ 70,600 $ 58,600 $ 891, 900 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. Investment Project Profitability Rank Proposal Index Preference A B C D