Information on four investment proposals is given below: Investment Proposal A B C D Investment required $(150,000) $(80,000) $(160,000) $ (910,000) Present value of cash inflows 211,800 110,400 241,600 1,214,500 $ Net present value 61,800 $ 30,400 $ 81,600 $ 304,500 Life of the project 5 years 7 years 6 years 6 years Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference. Investment Profitability Proposal Index Rank Preference A B D