Oxford Company has limited funds available for investment and must ration the funds among five competing projects. Selected information on the five projects follows: Net Life of the Investment Project Required Present Value Project (years) A $572,000 $ 133,900 7 B 402,000 127,100 12 C 416,000 108,900 7 D 608,000 218,900 3 E 459,000 (68,600) 6 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, which to accept second, and so on. Required: 1. Compute the profitability index for each project. (Round your answers to 2 decimal places.) Project Profitability Index A B C D E 2. In order of preference, rank the five projects in terms of (a) net present value, (b) profitability index. First preference Second preference Third preference Fourth preference Fifth preference Net Present Value Profitability Index