Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(300,000)	$	(140,000)	$	(100,000)	$	(1,500,000)
Present value of cash inflows		424,800		191,700		151,100		2,001,700
Net present value	$	124,800	$	51,700	$	51,100	$	501,700
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.

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