Information on four investment proposals is given below: Investment Proposal B D Investment required $(60,000) $(190,000) $(110,000) $(2,660,000) Present value of cash inflows 88,600 260, 600 168, 690 3,551,800 Net present value $ 28,600 $ 70,600 $ 58,600 $ 891,000 Life of the project 5 years 6 years 6 years 7 years 30 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. Project Profitability Index Rank Preference Investment Proposal B D