Oxford Company has limited funds available for investment and must ration the funds among five competing projects. Selected information on the five projects follows: Life of the Project (years) Project A B C D E Investment Required $ 506,000 483,000 380,000 556,000 246,000 Net Present Value $ 133,000 134,900 113,500 80,100 (71,500) 12 7 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.) Answer is complete but not entirely correct. Project Profitability Index 0.26 X B 0.27 0.30 X 0.14% E 0.29 D