Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(100,000	)	$	(110,000	)	$	(80,000	)	$	(135,000	)
Present value of cash inflows		142,000			154,000			107,200			210,600
Net present value	$	42,000		$	44,000		$	27,200		$	75,600
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.