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