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 A B Investment Required $860,000 $675,000 $560,000 $760,000 Net Present Value $473,750 $354,930 $170,895 $160,190 Life of the Project (years) 8 13 8 3 Internal Rate of Return (percent) 24% 19% 18% 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.)