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.

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