lD'xford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Life of Internal Met the Rate Investment Present Project of Return Project Required Value (years) (percent) A $133,333 $44,323 1 13% 3 $135,333 $42,333 12 15% c $133,333 $ 35,335 7" 23% D $1?5,333 $ 33,135 3 22% ' The net present values above have been computed using a 10% discount rate. The company wants your assistance in determining which project to accept rst, second, and so forth. Required: 1. Compute the project profitability index for each project. 2. In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return