Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(360,000	)	$	(50,000	)	$	(140,000	)	$	(840,000	)
Present value of cash inflows		506,900			67,600			214,300			1,121,400
Net present value	$	146,900		$	17,600		$	74,300		$	281,400
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.