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 Internal Rate (years) of Return A $ 160,000 $ 204,323 7 18% B $ 135,000 $ 177,000 12 16% C $ 100,000 $ 135,035 7 20% D $175,000 $ 213,136 3 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 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.