Case Question 9-33 (Essay) Preston Plastics is about to wrap up its capital budgeting cycle, and department managers across the company have submitted 500 capital project requests for consideration in the next round of funding. Preston's CFO, Dan LaMontagne, is trying to decide which projects to recommend for funding to the capital projects executive committee. He has gathered all the information about each project's estimated life, initial investment, and cash ows in an Excel spreadsheet and is ready to make his decisions. Preston requires all capital projects to have a payback period of 5 years or less and uses a 12% discount rate. Click here to view the Excel data les for answering this problem. Which of the three metrics do you recommend that Preston use to allocate the $2 billion to fund the capital projects? Why? /, LINK TO 'I'EX'I' LINK TO TEXT Dan has just learned that projects 16808 and 17011 are required to meet new regulatory requirements, and therefore must be funded regardless of the metrics. How will this information change your funding recommendations? // Cllck If you would like to Show Work for this question: Qpen Show Work