nformation on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(120,000	)	$	(50,000	)	$	(50,000	)	$	(360,000	)
Present value of cash inflows		169,200			67,300			79,000			476,000
Net present value	$	49,200		$	17,300		$	29,000		$	116,000
Life of the project		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.