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 Net Present Value Life of the Project (years) Internal Rate of Return (percent) A $920,000 $141,480 5 16% B $705,000 $278,200 10 19% C $620,000 $119,245 5 17% D $820,000 $149,930 3 20% 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.) 2. In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return. References WorksheetDifficulty: 1 Easy