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 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
	A B C D
	D C B A
	C A B D