How can I add a list item in order using jQuery?

Does anyone know how to add an item to a list but do it so it's ordered alphabetically using jQuery? I've got the following code that just adds an item from a dropdown to the end of the list:

$("#projectList").append(
    "<li>"
    + $("#Projects :selected").text()
    + " <span class='removeProject' projectId='" + $("#Projects").val() + "'>Remove</span>"
    + "</li>"
);

but I'd like to be able to insert it in its appropriate place instead of just appending to the end of the existing list.

Any help is greatly appreciated! Thanks!