Oxford Company has limited funds available for investment and mustration the funds among five competing projects. Selected information on the five projects follows: Life of Net the Investment Present Project Project Required Value (years) $488,000 $133,200 7 B 341,000 126,800 12 309,000 110,500 7 D 614,000 119,200 3 E 329,000 (47,700) 6 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, which to accept second and so on Required: 1. Compute the profitability index for each project. (Round your answers to 2 decimal places.) Project Profitability Index mo 2. In order of preference, rank the five projects in terms of (a) net present value, (b) profitability index, Net Present Value Profitability Index First preference Second preference Third preference Fourth preference Fifth preference