Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(790,000)	$	(120,000)	$	(120,000)	$	(1,820,000)
Present value of cash inflows		1,121,300		168,300		182,000		2,427,200
Net present value	$	321,300	$	48,300	$	62,000	$	607,200
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.)

A -

B -

C-

D -

2.	Rank the proposals in terms of preference.