2.00 points E11-12 Ranking Capital Investment Projects Using Different Criteria [LO 11-2, 11-3,11-5, 11-6] Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow Project X ProjectY Project Z $40,000 $20,000 $50,000 25,400 70,000 Initial investment Annual cash inflows PV of cash inflows 10,000 33,000 25,000 45,000 Required 1. Compute the payback period for each project and rank order them based on this criterion. Round your answers to 2 decimal places.) Payback PeriodRank Project X Project Y Project Z 2. Compute the NPV of each project and rank order them based on this criterion Rank NPV Project X Project Y Project Z 3. Compute the profitability index of each project and rank order them based on this criterion. (Round your answers to 2 decimal places.) Rank PI Project X Project Y Project Z 4. If Jennings has limited funds to invest, which ranking should Jill recommend? O Payback Ranking Profitability Index Ranking O NPV Ranking