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
A	$	970,000	$	176,514	6	16	%
B	$	730,000	$	175,933	11	15	%
C	$	670,000	$	185,782	6	19	%
D	$	830,000	$	129,082	4	17	%

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.

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.

Complete this question by entering your answers in the tabs below.

• Required 1

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

Project	Project Profitability Index
A
B
C
D