Transcribed image text: The management of Revco Products is exploring five different investment opportunities. Information on the five projects under study follows: Project Number 2 3 4 5 $ (411,000) $(378,000) $(480,000) $(232,000) $(442.000) Investment required Present value of cash Inflows at a 7% discount rate 279.250 524.950 399,300 455,800 549.300 $ 82.950 $ 77,800 $ (11700) Net present value $ 47,250 $ 69,300 6 years Life of the project 3 ye 12 years 5 years 6 years The company's required rate of return is 7%; thus, a 7% discount rate has been used in the preceding present value computations. Limited funds are available for investment, and so the company cannot accept all of the available projects. Required: 1. Compute the profitability index for each investment project. (Round your answers to 2 decimal places.) Project Profitability Index