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 Life of Rate Net the of Return Investment Present Project Project Required Value (years) (percent) $880,000 $434,360 24% $371,170 $685,000 12 20% $580,000 $223,220 21% $780,000 $165,060 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.) Profitability Project Index