The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows Proiect Number Investment required Present value of cash inflows at a (430,000) (380,000) (200,000) (300,000) 323,267 133,034 28,862 83,068 23,267 3 years 563,034 408,862 10% discount rate Net present value Life of the project 283,068 6 years 12 years 6 years Internal rate of return 20% 12% 23% 14% Because the company's 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 can't accept all of the available projects. Required: 1. Compute the project profitability index for each investment project. 2. Rank the four projects according to preference, in terms of net present value, project profitability index and internal rate of return Complete this question by entering your answers in the tabs below Required1Required 2 Compute the project profitability index for each investment project. (Round your answers to 2 decimal places.) Project Profitability Index 2 4