Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(132,000	)	$	(142,000	)	$	(112,000	)	$	(183,000	)
Present value of cash inflows		211,200			193,120			161,280			267,180
Net present value	$	79,200		$	51,120		$	49,280		$	84,180
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.