The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows: The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows: Project Number Investment required Project Number $ (270,090) $ (450, 000) $ (360, 000) Present value of cash inflows 336, 140 $ (480,080) 522,970 433, 400 567, 276 Investment required $ (270,000) $ (450, 000) $ (360, 090) Net present value $ 66,140 $ 72,970 $ 73, 400 $ 87, 270 Present value of cash inflows 336, 140 $ (480,000) 522, 970 433, 400 567,270 Life of the project 6 years 3 years $ 66,140 $ 73,400 19% 6 years Net present value $ 72,970 $ 87, 270 Internal rate of return 18% 12 years 14% Life of the project 6 years 3 years 12 years Internal rate of return 18% 19% 14% 6 years 6% The net present values above have been computed using a 10% discount rate. Limited funds are available for investment, so the company can't accept all of the available projects. The net present values above have been computed using a 10% discount rate. Limited funds are available for investment, so the company can't accept all of the available projects. Required: 1. Compute the profitability index for each investment project. Required: ences 2. Rank the four projects according to preference, in terms of net present value, profitability index, and internal rate of return. 1. Compute the profitability index for each investment project. 2. Rank the four projects according to preference, in terms of net present value, profitability index, and internal rate of return. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Rank the four projects according to preference, in terms of net present value, profitability index, and internal rate of return. Compute the profitability index for each investment project. (Round your answers to 2 decimal places.) Net Present Profitability Internal Rate Value Index of Return Project Profitability Index First preference N Second preference Third preference 3 Fourth preference