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Exercise 13-5 Preference Ranking (LO13-5) Information on four investment proposals is given below: Investment Proposal Investment required Present value of cash inflows Net present value Life of the project $(398,eee) $(30, eee) $(40, eee) $(600,000) 551,000 41,000 64,100 880,000 $ 161,000 $ 11,600 $ 24,100 $ 2ee, eee 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