Information on four investment proposals is given below:ProposalInvestmentNet Present Value1$8,000$3,2002$12,000$3,6003$10,000$2,5004$4,000$2,000Rank the proposals in terms of preference from highest to lowest according to the project profitability index:
A. 2, 3, 1, 4
B. 3, 2, 1, 4
C. 2, 1, 3, 4
D. 4, 1, 2, 3
Answer: D
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