Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(60,000)	$	(130,000)	$	(140,000)	$	(2,100,000)
Present value of cash inflows		86,600		181,100		213,900		2,803,200
Net present value	$	26,600	$	51,100	$	73,900	$	703,200
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.

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