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 D $(120,000) $(180,000) $(30,000) $(1,560,000) 172,000 25e, eee 48,600 2,881,080 $ 52,000 $ 70, eee $ 18,600 $ 521, oee 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. Answer is complete but not entirely correct. Investment Project Proposal Profitability Rank Preference Index A 1.43 Second B 1.39 Third 1.62 First D 1.33 X Fourth >