Information on four investment proposals is given below:

		Investment Proposal
	A		B		C		D
Investment required	$	(360,000)	$	(50,000)	$	(140,000)	$	(840,000)
Present value of cash inflows		506,900		67,600		214,300		1,121,400
Net present value	$	146,900	$	17,600	$	74,300	$	281,400
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.

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