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. Project Required Investment Project Acctg Payback Profitability Life A $ 740,000 5 ROR 27.00% Period NPV Index 3.6 $ 305,750 2.16 B $ 990,000 4 19.00% 4.0 $ 285,562 2.14 C $1,240,000 4 12.50% 3.7 $ 217,920 1.45 D $1,740,000 16.20% 3.3 $247,258 1.40 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