E11-15 (Algo) Comparing Capital Budgeting Methods [LO 11-1, 11-2, 11-3, 11-4, 11-6] The following table contains information about four potential investment projects that Castle Corporation is considering. Required Investment Project Acctg Project Life ROR ABCD $ 760,000 5 28.50% Payback Period 3.7 Profitability NPV Index $ 326,250 2.41 $1,010,000 4 19.25% 4.1 $ 304,062 2.12 $1,260,000 $1,760,000 4 13.75% 3.8 $ 218,170 1.47 5 16.95% 3.2 $ 247,508 1.42 Required: 1. Rank the four projects in order of preference under each method indicated by the headers: Accounting Rate of Return Payback Period Net Present Value Profitability Index 1st preferred 2nd preferred 3rd preferred 4th preferred