Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Project Investment Required Net Present Value Life of the Project (years) Internal Rate of Return (percent) A $850,000 $532,160 9 24% B $670,000 $361,380 14 19% C $550,000 $233,224 9 20% D $750,000 $235,660 5 22% 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.)

2.	In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return.