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Oxford 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 Net Present Value $473,750 S354,930 170,895 160,190 Rate the Project of Return Investment ProjectRequired $860,000 $675,000 $560,000 $760,000 (years)(percent) 24% 19% 18% 22% 13 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, second, and so forth. Required 1. Compute the project profitability index for each project. (Round your answers to 2 decimal places.) fitability Index Project 2. In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return. Net Present profitability of Return Index Internal Rate Value First preference Second preference Third preference Fourth preference