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 $(60,000) $(70,000) S(40,880) $ (990,000) 88,000 97,300 64,200 1,318,780 $ 28,000 $ 27,300 $ 24,200 $ 328,700 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. Investment Proposal Project Profitability Index Rank Preference A B D