please solve with explanation

Oxford Company has limited funds available for investment and mustration the funds among five competing projects. Selected information on the five projects follows Lite of the Project (years) Project Investment Required $480.000 405 000 300,000 525,000 450,000 Net Present Value $132.969 126,000 105,105 114 408 (26,088) The net present values above have been computed using a 10% discount rate. The company wants you 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 Required: 1. Compute the profitability index for each project. (Round your answers to 2 decimal places.) Project Profitability Index B C D 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