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	Net Present Value	Life of the Project (years)	Internal Rate of Return (percent)
A	$860,000	$473,750	8	24%
B	$675,000	$354,930	13	19%
C	$560,000	$170,895	8	18%
D	$760,000	$160,190	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 project profitability index for each project. (Round your answers to 2 decimal places.)

2.	In order of preference, rank the four projects in terms of net present value, project profitability index and internal rate of return.