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	$940,000	$520,400	7	25%
B	$715,000	$273,030	12	17%
C	$640,000	$294,656	7	23%
D	$840,000	$129,930	3	19%

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.