Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows Internal Rate of Return Life of Net Present Value 5420,400 S244,420 5367,670 231,200 Project (years) (percent) Investment Required $860,000 $750,000 $710,000 $910,000 Project 22% 16% 22% 21% 13 4 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