Information on four investment proposals is given below:

	Investment Proposal
	A		B		C		D
Investment required	$ (120,000)		$ (180,000)		$ (30,000)		$ (1,560,000)
Present value of cash inflows	172,000		250,000		48,600		2,081,000
Net present value	$ 52,000		$ 70,000		$ 18,600		$ 521,000
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.