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 Project Payback Project Profitability Investment Life Acct ROR Period NPV Index $ 560,000 5 13.50% 3.5 $ 122,250 1.88 B $ 810,000 4 16.75% 3.1 $ 119,062 1.14 $1,060,000 4 11.75% 2.8 $ 215,670 1.22 D $ 1,560,000 5 9.45% $ 245,008 1.22 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