Information on four Investment proposals is given below: Investment Proposal A B C D Investment required $ (790, 080) $ (120, ege) $ (120, ege) $ (1, 820, 080) Present value of cash inflows 1, 121, 390 168,309 182, 809 2,427, 280 Net present value $ 331, 390 $ 48,309 $ 62, 809 $ 607, 209 Life of the project 5 years 7 years 6 years 6 years Required: 1. Compute the profitability Index for each Investment proposal. Note: Round your answers to 2 decimal places. 2. Rank the proposals In terms of preference. Investment Profitability Rank Proposal Index Preference A B C D