Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(350,000)	$	(110,000)	$	(130,000)	$	(2,250,000)
Present value of cash inflows		491,800		152,400		199,500		3,004,600
Net present value	$	141,800	$	42,400	$	69,500	$	754,600
Life of the project		5 years		7 years		6 years		6 years

Required:
1.	Compute the project profitability index for each investment proposal. (Round your answers to 2 decimal places.)

2.

Rank the proposals in terms of preference.

	D C B A
	B C A D
	A B C D
	C A B D