Information on four investment proposals is given below: Investment required Present value of cash inflows Net present value Life of the project $ (60,000) 88,600 $ 28,600 5 years Investment Proposal B $ (190,000) $ (110,000) 260,600 168,600 $ 70,600 $ 58, 600 7 years 6 years D $ (2,660,000) 3,551,000 $ 891,000 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 B D