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 profitability index for each investment proposal.

Note: Round your answers to 2 decimal places.

1. Rank the proposals in terms of preference.