Information on four investment proposals is given below:

Investment Proposal
A		B		C		D
Investment required	$ (430,000)		$ (70,000)		$ (80,000)		$ (2,850,000)
Present value of cash inflows	633,500		98,700		124,400		3,804,200
Net present value	$ 203,500		$ 28,700		$ 44,400		$ 954,200
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.