Information on four investment proposals is given below:

Investment Proposal

A B C D

Investment required $ $(790,000)$ $ $(120,000)$ $ $(120,000)$ $ $(1,820,000)$

Present value of cash inflows $1,121,300168,300182,0002,427,200$

Net present value $ $331,300$ $ $48,300$ $ $62,000$ $ $607,200$

Life of the project $5$ years $7$ years $6$ years $6$ years

Required:

Compute the profitability index for each investment proposal.

Note: Round your answers to $2$ decimal places.

Rank the proposals in terms of preference.