Oxford Company has limited funds available for investment and must ration the funds among the four competing projects shown below: Project Investment Required A $ 180,000 B $151,000 $ 197,000 C $ 102,000 $ 155,035 D $ 161,000 $ 233,136 Present Value of Life of the Project Internal Rate Cash Inflows $224,323 (years) of Return 7 21% 12 18% 7 17% 3 16% The net present values above have been computed using a 10% discount rate. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the profitability index for each project. Note: Round your answers to 2 decimal places.