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 $(184,888) $(114,000) $(84,000) $(141, 800) 162,248 150, 480 199,200 197, 400 $ 58,240 $ 36, 480 $ 25,200 $ 56, 400 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 2. Rank the proposals in terms of preference. Investment Proposal Project Profitability Index Rank Preference 1.56 (First B 1.32 Third Fourth 1.40 Second D