Citco Company is considering investing up to $696,000 in a sustainability-enhancing project. Its managers have narrowed their choices to three potential projects. . Project A would redesign the production process to recycle raw materials waste back into the production cycle, saving on direct materials costs and reducing the amount of waste sent to the landfill. . Project B would remodel an office building, utilizing solar panels and natural materials to create a more energy-efficient and healthy work environment. . Project C would build a new training center in an underserved community, providing jobs and economic security for the local community. Required: 1. Assuming the cost of capital is 8%, complete the table below by computing the payback period, NPV, Profitability Index, and Internal Rate of Return. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your "NPV" answers to the nearest whole dollar amounts. Round your "PI" and "IRR" answers to 2 decimal places.) Project A Project B Project C (Redesign production (Remodel office (New training process) building) facility) Required investment $ (696,000 $ (711,000) $ (392,000) Annual cost savings $ 116,000 EA 79,000 98,000 Project life 8 years 10 years 6 years Salvage value $ 77,000 $ 75,000 $ 29,000 Payback period 6 years 9 years 4 years NPV @ 8% Profitability index @ 8% Internal rate of return % % % 2. Based strictly on the economic analysis, in which project should they invest? Project A Project B Project C