Allister Company has a number of potential capital investments. Because these projects vary in nature, initial investment, and time horizon, management is finding it difficult to compare them. (Use Table 2 & Table 4.) Project 1: Retooling Manufacturing Facility -This project would require an initial investment of $4.26 million. It would generate $721,777 in additional cash flow each year. The new machinery has a useful life of 7 years and a salvage value of $460,000. Project 2: Purchase Patent for New Product -The patent would cost $5,320,000, which would be fully amortized over 5 years. Production of this product would generate $1,819,440 additional annual net income for Allister. Project 3: Purchase a New Fleet of Delivery Trucks -Allister could purchase 25 new delivery trucks at a cost of $103,900 each. The fleet would have a useful life of 9 years, and each truck would have a salvage value of $5,900. Purchasing the fleet would allow Allister to expand its customer territory resulting in $677,948 of additional net income per year. Requirement 1: Determine each project's accounting rate of return. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) Accounting rate of return Project 1 = 4.2% Project 2 = 34.2% Project 3= 26.1% Requirement 2: Determine each project's payback period. (Round your answers to 2 decimal places.) Payback period Project 1= 5.90 years Project 2= 1.85 years Project 3= 2.73 years Requirement 3: Using a discount rate of 13 percent, calculate the net present value of each project. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places. Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.) Net present value Project 1= $ Project 2= $ Project 3= $2,327,591 Requirement 4: Determine the profitability index of each project. (Round your intermediate calculations and final answers to 4 decimal places.)

Profitability index Project 1 Project 2 Project 3

I have everything correct for Req. 1-2. Please help wilth Req. #3 and Req. #4!!!

Everything in Green is correct, everything in red I need help with