give right answers only thanks

Hearne Compony has a number of potential capital imvestments. Because these projects vary in nature, initial investment. and time horizon, management is finding it difficult to compare them. Assume straight line depreciation method is used. (Future Value of $1. Present Value of \$1. Future Value Annulty of \$1, Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Project 1: Retooling Manufacturing Facillity This project would require an initial investment of $4,950,000, it would generate $955,000 in additionai net cash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,900,000 Project 2: Purchase Patent for New Product The patent would cost $3,750,000, which would be fully amortized over five years. Production of this product would generate $656,250 additional annual net income for Heorne. Project 3: Purchase a New Fleet of Delivery Trucks Hearne could purchase 25 new delivery trucks at a cost of $153,000 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $6,000. Purchasing the floet would allow Hearne to expand its customer terntory, resulting in $237,000 of odditional net income per year. Aequired: 1. Determine each project's accounting rate of return 2. Determine each projects payback period. 3. Using a discount rate of 10 percent, calculate the net present value of each project. 4. Determine the profitability index of each project and prioritize the projects for Hearne. Complete this question by entering your answers in the tabs below. Determine each project's aceounting rate of return. Noter flound your answers to 2 decimal places: Hearne Company has a number of potential capital investments. Because these projects vary in nature, initial investment, and time horizon, management is finding it difficult to compare them. Assume straight line depreciation method is used. (Future Value of $1. Present Value of \$1. Future Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Project 1: Retooling Manufacturing Facility This project would require an initial investment of $4,950,000, it would generate $955,000 in additional net cash flow each year. The new machinery has a useful ife of eight years and a salvage value of $1,900,000. Project 2: Purchase Patent for New Product The patent would cost $3.750,000, which would be fully amortized over five years. Production of this product would generate $656,250 additional annual net income for Hearne. Project 3: Purchase a New Fleet of Dellvery Trucks Hearne could purchase 25 new delivery trucks at a cost of $153,000 each. The fieet would have a useful ife of 10 years, and each truck would have a salvage value of $6,000. Purchasing the fleet would allow Hearne to expand its customer territory, resulting in $237,000 of additional net income per year. Required: 1. Determine each project's accounting rate of return. 2. Determine each project's payback period. 3. Using a discount rate of to percent, calculate the net present value of each project. 4. Determine the profitability index of each project and priortize the projects for Hearne. Complete this question by entering your answers in the tabs below. Determine each project's payback period. Noter Round your answers to 2 decimal places Hearne Company has a number of potential capital investments. Because these projects vary in nature, initial investment, and time horizon, management is finding it difficult to compare them. Assume straight line depreciation method is used. (Future Value of \$1. Present Value of \$1, Euture Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Project :: Retooling Manufacturing Facility This project would require an intial investment of $4,950,000, it would generate $955,000 in additional net cash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,900,000. Project 2: Purchase Patent for New Product The patent would cost $3,750,000, which would be fully amortized over five years. Production of this product would generate $656.250 additional annual net income for Hearne. Project 3: Purchase a New Fleet of Delivery Trucks Hearne could purchase 25 new dellvery trucks at a cost of $153,000 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $6,000. Purchasing the fleet would allow Hearne to expand its customer territory, resulting in $237,000 of additional net income per yeat. Required: 1. Determine each project's accounting rate of return. 2. Determine each project's payback period, 3. Using a discount rate of 10 percent, calculate the net present value of each project. 4. Determine the profitability index of each project and prioritize the projects for Hearne. Complete this question by entering your answers in the tabs below. Using a discount rate of 10 percent, calculate the net present value of each project. Notel Negative amount should be indicated by a minus sign. Round your intermediate calcutations to s decimal places and final answers to 2 decimal alaces. Hearne Company has a number of potential capital investments. Because these projects vary in nature, initial investment, and time horizon, management is finding it difficult to compare them. Assume straight line depreciation method is used. Present Value of \$1. Future Value Annuity of \$1, Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Project 1: Retooling Manufacturing Facility This project would require an initial investment of $4,950,000. It would generate $955,000 in additional net cash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,900,000. Project 2: Purchase Patent for New Product The patent would cost $3,750,000, which would be fully amortized over five years. Production of this product would generate $656,250 additional annual net income for Hearne. Project 3: Purchase a New Fleet of Delivery Trucks Hearne could purchase 25 new delivery trucks at a cost of $153,000 each. The fleet would have a useful life of 10 years, and each truck would have a saivage value of $6,000. Purchasing the fleet would allow Hearne to expand its customer territory, resulting in $237,000 of additional net income per year. Required: 1. Determine each project's accounting rate of return. 2. Determine each project's payback period. 3. Using a discount rate of 10 percent, calculate the net present value of each project. 4. Determine the profitability index of each project and prioritize the projects for Hearne. Complete this question by entering your answers in the tabs below. Determine the profitability index of each project and prioritize the projects for Heame. Notel Round your intermediate calculations to 2 decimal places. Round your final answers to 4 decimal places