Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected

information on the four projects follows:

The net present values should be computed using a $10\%$ discount rate. The company wants your assistance in determining which

project to accept first, second, and so forth.

Required:

Compute the profitability index for each project.

In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return.