Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Investment Required $930,000 $710.000 $630,000 $830,000 Project A B Net Present Value $332,950 $199,300 $201,805 $216,100 Life of the Project (years) 6 11 6 Internal Rate of Retum (percent) 21% 16% 20% D 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.) Project Profitability Index B D Value of Return 2. In order of preference, rank the four projects in terms of net present value, project profitability index and Internal rate of return Net Present Project Internal Rate Profitability Index First preference Second preference Third preference Fourth preference