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 A Project Life Payback Acctg ROR Period NPV Profitability Index $ 800,000 5 31.50% 3.9 $ 367,250 2.91 B CO $ 1,050,000 4 19.75% 4.3 $ 429,062 2.08 $ 1,300,000 4 16.25% 4.0 $ 218,670 1.51 D $ 1,800,000 5 18.45% 3.0 $ 248,008 1.46 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 2. Which method is the best for evaluating the investments? O Net present value Accounting rate of return O Payback period