Information on four investment proposals is given below: Investment required Present value of cash inflows Net present value Life of the project Investment Proposal A B D $(112,000) $ (122,000) $ (92,000) $ (153,000) 176,960 190,320 119,600 223,380 $ 64,960 $ 68,320 $ 27,600 $ 70,380 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. Investment Proposal Project Profitability Index Rank Preference A B D