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 Present Project Project Required Value (years) A $594,000 $118,300 7 B 753,000 129,500 12 c 541,000 106,600 7 475,000 375,000 122,400 (34,500) 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 0.20 B 0.17 C 0.20 D 0.20 E (0.09)