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 Internal Net Present Value $520,400 $273,030 $294,656 $129,930 Rate of Return Investment Project Required $940,000 $715,000 $640,000 $840,000 Project (years) (percent) 25% 17% 2340 19% 12 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.) Project Profitability Index