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 the Internal Net Investment Present Project Rate Project Required Value (years) of Return 23% 16 228 19% 890, 000 $459,687 $690,000 $227,448 13 $590,000 $279,6818 $790,000 $159,0674 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. 2. In or return. der of preference, rank the four projects in terms of net present value, project profitability index and internal rate of Complete this question by entering your answers in the tabs below. Required 1Required 2 Compute the project profitability index for each project. (Round your answers to 2 decimal places.) Project Profitabili Required In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return. Project Internal Rate Net Present Profitability of Return Index Value First preference Second preference Third preference Fourth preference