Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows Life of Internal Rate Investment Project Required $990,000 $740,000 $690,000 $890,000 Net Present Value $229,400 $104,350 181,000 $143,420 ect of Return (years) (percent) 18% 13% 19% 17% 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