Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(350,000	)	$	(110,000	)	$	(130,000	)	$	(2,250,000	)
Present value of cash inflows		491,800			152,400			199,500			3,004,600
Net present value	$	141,800		$	42,400		$	69,500		$	754,600
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.