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 Present the Internal Investment Value of Project Rate Project Required Cash Inflows (years) of Return A $ 200,000 $ 294,323 7 16% B $ 137,000 $ 267,000 12 21% C $ 104,000 $ 225,035 7 20% D $ 167,000 $ 303,136 3 19% 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the protability index for each project. (Round your answers to 2 decimal places.) Protability Index Present the Interna1 Investment Value of Project Rate Project Required Cash Inflows (years) of Return A $ 200,000 $ 294,323 7 16% B $ 137,000 $ 267,000 12 21% C $ 104,000 $ 225,035 7 20% D $ 167,000 $ 303,136 3 19% 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 In order of preference, rank the four projects in terms of net present value, protability index, and internal rate of return. First preference Second preference Third preference Fourth preference