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 Present value of Cash Inflows Life of the Project $($years$)$ Internal Rate of Return

A $ $160,000$ $ $259,323716\%$

B $ $135,000$ $ $232,0001218\%$

C $ $100,000$ $ $190,035722\%$

D $ $164,000$ $ $268,136317\%$

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.