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 $(390,000) $ (30,000) $ (40,000) $(600,000) 551, eee 41, see 64,100 800, eee $ 161,200 $ 11,00 $ 24,100 $ 200,000 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. Answer is complete but not entirely correct. Investment Proposal Profitability Index Rank Preference A 0.41 Second B 0.37 X Third 0.60 X First D 0.33 X Fourth