Information on four investment proposals is given below: Investment required Present value of cash inflows Investment Proposal A B C D $(120,000) $(50,000) $(50,000) $(360,000) 169,200 67,300 79,000 476,000 $ 49,200 $ 17,300 $ 29,000 $ 116,000 Net present value Life of the project 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. Investment Profitability Proposal Index Rank Preference A B C D