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ACE & Company SA is based in Geneva, Switzerland. The company's CEO: Adam Said is analyzing four different investment alternatives. Please find below information on the different alternatives: Project 1 $480,000 Project 2 $360,000 Project 3 $270,000 Project 4 $450,000 Investment required Present value of cash inflows Net present value Life of project 567,270 $87,270 433,400 $73,400 336,140 $66,140 522,970 $72,970 6 years 12 years 6 years 3 years ACE & Company SA has a required rate of return is 10%; so a 10% discount rate is already used in the PV calculations in the above mentioned table. The company has enough funds for investment. All the projects are mutually exclusive. TO DO: a) Calculate the profitability index for each investment project. b) Afterwards, you have to rank the four projects based on preference, in terms of: Net present value Present value index