Kingson Inc. has limited funds available for investment and must ration the funds among five competing projects. Selected information on the five projects follows:

$\backslash$table$[[$Project$,\backslash$table$[[$Investment$],[$Required$]],\backslash$table$[[$Net$],[$Present$],[$Value$]],\backslash$table$[[$Life of$],[$the$],[$Project$],[($years$)]]],[$A$,$$$537,000,$$$133,300,7],[$B$,445,000,134,500,10],[$C$,387,000,111,600,7],[$D$,589,000,121,500,3],[$E$,462,000,(32,000),6]]$

The net present values above have been computed using a $10\%$ discount rate. The company wants your assistance in determining which project to accept first, which to accept second, and so on$.$

Required:

Compute the profitability index for each project. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[$Project$,\backslash$table$[[$Profitability$],[$Index$]]],[$A$,],[$B$,],[$C$,],[$D$,],[$E$,]]$

In order of preference, rank the five projects in terms of $($a$)$ net present value, $($b$)$ profitability index.

$\backslash$table$[[,$Net Present Value,Profitability Index$],[$First preference,,$],[$Second preference,,$],[$Third preference,,$],[$Fourth preference,,$],[$Fifth preference,,$]]$

This part of the question is not part of your Connect assignment.