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 Investment Project Required Present Value of Cash Inflows the Project Internal Rate (years) of Return A $ 180,000 $ 269,323 7 15% B $ 130,000 $ 242,000 12 20% C $ 100,000 $ 200, 035 7 19% D $ 160,000 $ 278,136 3 18% 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: 1. Compute the profitability index for each project. 2. In order of preference, rank the four projects in terms of net present value, profitability index, and internal rate of return.