Information on four investment proposals is given below Investment Proposal Investeen egured Present value of cash Net present Value Life of the role 02412 $(110,000) 185.600 $ 55,600 s years (140,000) $(150,000) 193,100 220.600 $ 53,100 $ 78,600 7 years 6 years (1,260,000) 1.681.100 421,100 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 investment Project Proposal Profitability Rank Preference