\begin{tabular}{clllcl} Proposal & Cash Payback Period (List) & Average Rate of return (List) & Accept for Further Analysis & OR & Reject \\ \hline A & & & & \\ B & & & & \\ C & & & & \\ D & & & \end{tabular} 8. Using Excel, compute the internal rate of return. 9. Based upon the analyses done above, comment on the relative attractiveness of the proposals ranked in parts (6) and (7). Which provides the most useful results. 10. If you were making the investment decision, show how you would rank the proposals, and by what method you made your decision. 11. What other non-financial factors should be considered? The company's capital rationing policy requires a maximum cash payback period of three years. In addition, a minimum average rate of return of 12% is required on all projects. If the preceding standards are met, the net present value method and present value indexes are used to rank the remaining proposals. Instructions 1. Compute the cash payback period for each of the four proposals. Round to nearest month. 2. Giving effect to straight-line depreciation on the investments and assuming no estimated residual value, compute the average rate of return for each of the four proposals. Round to one decimal place. 3. Using the following format, summarize the results of your computations in parts (1) and (2). By placing a check mark in the appropriate column at the right, indicate which proposals should be accepted for further analysis and which should be rejected