Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(60,000)	$	(70,000)	$	(40,000)	$	(990,000)
Present value of cash inflows		88,000		97,300		64,200		1,318,700
Net present value	$	28,000	$	27,300	$	24,200	$	328,700
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.