Cost Accounting: Please help me with all requirements

Cranes Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $10,000,000 for the year. Lenora Bobo, staff analyst at Cranes, is preparing an analysis of the three projects under consideration by Casey Cranes, the company's owner. (Click the icon to view the data for the three projects.) Present Value of $1 table Present Value of Annuity_gf_$l table Future Value of $1 table Future Value of Annuity_Qf_$1 table Read the reguirements. Requirement 1. Becau a. What are the benefits Benefits of the payback Indicates wheth Utilizes the time Easy to unders All of the above Limitations of the payba Cannot be used Fails to incorpor Cannot be used All of the above b. Calculate the paybac Project A Project B Project C x Requirements Data table 1. 2. 3. Because the company's cash is limited, Cranes thinks the payback method should be used to choose between the capital budgeting projects. a. What are the benefits and limitations of using the payback method to choose between projects? b. Calculate the payback period for each of the three projects. Ignore income taxes. Using the payback method, which projects should Cranes choose? Bobo thinks that projects should be selected based on their NPVs. Assume all cash flows occur at the end of the year except for initial investment amounts. Calculate the NPV for each project. Ignore income taxes. Which projects, if any, would you recommend funding? Briefly explain why. 1 2 3 4 5 6 7 8 9 Projected cash outflow Net initial investment Projected cash inflows Year 1 Year 2 Year 3 Year 4 Required rate of return Print Project A 8% C Project B 8% Project C 250,000 125,000 8% Print Done Done years years years