The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows:

Project Number

	1			2			3			4
Investment required	$	(430,000	)	$	(380,000	)	$	(200,000	)	$	(400,000	)
Present value of cash inflows at a 10% discount rate		480,150			469,440			240,075			492,830
Net present value	$	50,150		$	89,440		$	40,075		$	92,830
Life of the project		8 years			16 years			8 years			5 years
Internal rate of return		13%			14%			15%			19%

Because the companys required rate of return is 10%, a 10% discount rate has been used in the present value computations above. Limited funds are available for investment, so the company cant accept all of the available projects.

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