Information on four investment proposals is given below:

	Investment Proposal
	A		B		C		D
Investment required	$ (150,000)		$ (200,000)		$ (180,000)		$ (2,600,000)
Present value of cash inflows	211,500		275,600		274,100		3,470,500
Net present value	$ 61,500		$ 75,600		$ 94,100		$ 870,500
Life of the project	5	years	7	years	6	years	6	years

Required:

1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.)

2. Rank the proposals in terms of preference.