Information on four investment proposals is given below Investment Proposal $ (60,080) $ (70,000) $(40,e00) $ (990,000) Investment required Present value of cash inflows Net present value Life of the project 88,000 97,30064,200 1,318,700 $28,000 $ 27,300 24,200 328,700 5 years 7 years 6 years 6 years Required: 1. Compute the project profitabilty index for each investment proposal (Round your answers to 2 decimal places 2. Rank the proposals in terms of preference. Rank Investment Profitability Preference Index Proposal