Information on four investment proposals is given below: Investment required Present value of cash inflows Net present value Life of the project Investment Proposal B C D $(350,000) $(110,000) $(130,000) $(2,250,000) 491,800 152,400 199,500 3,004,600 $ 141,800 $ 42,400 $ 69,500 $ 754,600 5 years 7 years 6 years 6 years Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference. Investment Profitability Proposal Index Rank Preference A B D