Heame Company has a number of potential capital investments. Because these proses vary in naturalement and time hoon management is t method is used o compare the su r e con Project 1: Retooling Manufacturing Facility This project would require an initial investment of $5.800.000it would generate $1.036 000 in adonant cash flow each year the new machinery has a st a rs and a hage value of $12000 Project 2: Purchase Patent for New Product The patient would cost $4 065 000, which would be amortized over tve years. Production of this product would get $894 300 tonalmul net income for me Project 3: Purchase a New Feet of Delivery Trucks Heame could purchase 25 new delivery trucks at a cost of $210.000 each. The feet would have a us its customer t ry resulting in $1.155.000 of additional income per year e of years, and each truck would have a salvage value of Pachasing the feet w Hame to expand Required: 1. Determine each project's accounting rate of retur Round your answers to 2 decimal Accounting Rate of Return Pret Proud2 Profecta 2. Determine each proces payback period (Round your answers 3. Using a discount rate of 10 percent calculate the net present value of each project Future Value of 51. Present Value of 51. Future Value Annuity of 51. Presente tables provided. Round your intermediate calculations to decimal places and finalaswers to 2 decimal places.) n o Use appropriate contro the Net Present Value Project 1 Project 3 4. Determine the profitability index of each project and prioritize the projects for Hame Re Profily Index Rank Project Project 2