(Please show calculations for study purposes)

Information on four investment proposals is given below:

		Investment Proposal
	A			B			C			D
Investment required	$	(900,000	)	$	(170,000	)	$	(90,000	)	$	(1,430,000	)
Present value of cash inflows		1,263,600			233,400			136,500			1,908,300
Net present value	$	363,600		$	63,400		$	46,500		$	478,300
Life of the project		5 years			7 years			6 years			6 years

Required:

1. Compute the project profitability index for each investment proposal. (Round your answers to 2 decimal places.)

2. Rank the proposals in terms of preference.