Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(60,000)	$	(190,000)	$	(110,000)	$	(2,660,000)
Present value of cash inflows		88,600		260,600		168,600		3,551,000
Net present value	$	28,600	$	70,600	$	58,600	$	891,000
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
	D C B A
	A B C D
	C A B D