E11-12 Ranking Capital Investment Projects Using Different Criterla [LO 11-2, 11-3, 11-5, 11-6] Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow: Project x Project Y Project z Initial investment $20.000 550,000 Armual cash inflows 25.000 10,000 25 400 PV of cash flows 45,000 33 000 70.000 $10.000 Required: 1. Compute the payback period reach project and rank order them based on this criterion (Round your answers to 2 decimal places.) Payback period Rank Project x Project Y Project 2 2. Compute the NPV of each project and rank order them based on this criterion. NPV Rank Project X Project Y Project Z 3. Compute the profitability index of each project and rank order their based on this criterion. (Round your answers to 2 decimal places.) PI Rank Project X Pranty Project 2 4. If Jennings has limited funds to invest, which ranking should Jill recommend? Profitability Index Hanking Payback Ranking NPV Ranking