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 Present Life of the Project Check my work Investment Project Required A $ 506,000 Value $133,000 (years) 7 B 483,000 134,900 12 C 380,000 113,500 7 D 556,000 E 246,000 80,100 (71,500) 3 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