Information on four investment proposals is given below: Investment Proposal A B C $(60,000) $(70,000) $ (40,000) (990,000) 64,200 Investment required Present value of cash inflows 88,000 97,300 1,318,700 28,000 $ 27,300 $24,200 328,700 Net present value 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. Project Investment Profitability Rank Preference Proposal Index A