answer the required 1 through 2

Check my work Problem 12-21 Preference Ranking of Investment Projects (LO12-5] The management of Revco Products is exploring four different investment opportunities. Information on the four projects under study follows: Project Number 2 $(550,000) $(500,000) $(400,000) $(360,000) Investment required Present value of cash inflows at a 118 discount rate 566,054 597,240 431,515 415,411 S 16,054 97,240 31,515 55,411 Net present value Life of the project Internal rate of return 6 years 12 12 years 15% 6 years 14 3 years 20 Because the company's required rate of return is 11 % , a 11 % 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. Required 1 Required 2 Compute the project profitability index for each investment project. (Round your answers to 2 decimal places.) Profitability Project Prev 2 of 7 Next > 2 $(550,000) $(500,000) $(400,000) $(360,000) Investment required Present value of cash inflows at a 118 discount rate 566,054 597,240 431,515 415,411 16,054 $ 97,240 S 31,515 55,411 Net present value Life of the project Internal rate of return 12 years 158 3 years 20% 6 years 12 6 years 14 Because the company's required rate of return is 11% , a 11 % 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. Required 1 Required 2 Compute the project profitability index for each investment project. (Round your answers to 2 decimal places.) Project Profitability Index 2 3 4 MacBook Check my work Present vaiue ot cash 1ntiows at a 11 discount rate 566,054 597,240 431,515 415,411 16,054 97,240 31,515 Net present value Life of the project Internal rate of return $ 55,411 6 years 12 12 years 15 6 years 14 3 years 20% Because the company's required rate of return is 11 % , a 11 % 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. Required 1 Required 2 profitability index and internal rate o Rank the four projects according to return. preference, in terms of net present value, pro Project Profitability Index Internal Rate Net Present Value of Return First preference 2 2 4 Second preference Third preference 4 4 2 3 13 Fourth preference 1 1 1 Prev 2 of 7 Next>