E11-12 (Static) Ranking Capital Investment Projects Using Different Criteria [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: Initial investment Annual cash inflows. Project X $40,000 25,000 45,000 PV of cash inflows Required: Project Y $ 20,000 10,000 33,000 Project $ 50,000 25,400 70,000 nces 1. Compute the payback period for each project and rank order them based on this criterion. 2. Compute the NPV of each project and rank order them based on this criterion. 3. Compute the profitability index of each project and rank order them based on this criterion. 4. If Jennings has limited funds to invest, which ranking should Jill recommend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the payback period for each project and rank order them based on this criterion. Note: Round your answers to 2 decimal places. Payback Period Rank Project X Project Y Project Z