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Information on four investment proposals is given below: Investment Proposal A. Investment required $(240,000) $...

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Information on four investment proposals is given below: Investment Proposal A. Investment required $(240,000) $ (42,000) $ (180,000) $(1,900,000) 337,30053,500 271,800 2,536,700 $ 97,300 15,000 91,800 636, 700 6 years Present value of cash inflows Net present value Life of the project 5 years 7 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. Answer is complete but not entirely correct. Project Rank Investment Proposal Profitability Preference Index 1.41 X First 132Fourth 1.51 First 1.34 Third

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