Item2\ 20\ points\ Time Remaining 1 hour 10 minutes 23 seconds01:10:23\ Item 2\ Time Remaining 1 hour 10 minutes 23 seconds01:10:23\ Exercise 12-11 (Algo) Preference Ranking of Investment Projects [LO12-5]\ Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows:\ \ \ \ Project Investment Required Present value of Cash Inflows Life of the Project (years) Internal Rate of Return\ A $ 160,000 $ 259,323 7 16%\ B $ 135,000 $ 232,000 12 18%\ C $ 100,000 $ 190,035 7 22%\ D $ 164,000 $ 268,136 3 17%\ \ \ The net present values should be computed using a 10% discount rate. The company wants your assistance in determining which project to accept first, second, and so forth.\ \ \ \ Required:\ \ 1. Compute the profitability index for each project.\ \ 2. In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return.