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 51 Piment me 51. Eutute Volie Anulty St. Present Value Annually.al. 1) (Use oppropriate factor(s) from the tables provided) Project 1: Retooling Manufocturing Facility This project would require an initial investment of $4.930,000. It would generate $937000 in additional net cash flow each year. The new machinery fuas a useful life of eight years and a salvage value of $1,880,000. Project 2: Purchase Patent for New Product The poterit would com 51.680.000. Wich would be fully amortized over five years. Production of this product would generate 5602200 additional annual net income for Home Project 3: Purchase a New Feet of Delivery Trucks Heimne could purchase 25 new delivery trucks at a cost of $145,400 each. The fleet would have a useful le of 10 years and each truck would have a salvage value of $5,800. Purchasing the feet would allow Heame to expand its customer territory resulting $225.000 of additionat niet Income per year Required: 1. Determine each project's accounting rate of retum 2. Define each project's payback period. 3. Uung a discount rate of 10 percent calculate the net present value of each project 4. Determine the profitability index of each project and print the projects for Heame Complete this question by entering your answers in the tabs below 1. Determine each project's accounting rate of return 2. Determine each project's payback perlod. 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. ped book Required 1 Porquired 2 Required 3 Required 4 Determine each project's accounting rate of return (Round your answers to 2 decimal places) Accounting Rate of erence Return " Project Project 2 Projects Required 2 > Requirea: 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. Required 1 Required 2 Required 3 Required 4 Determine each project's payback period. (Round your answers to 2 decimal places.) Payback Period Project 1 years Project 2 years Project 3 years 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 Heame. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using a discount rate of 10 percent, calculate the net present value of each project. (Round your intermediate calculations to 4 decimal places and final answers to 2 decimal places.) Net Present Value Project 1 | Project 2 Project 3 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. Required Required 2 Required Required 4 Determine the profitability Index of each project and prioritize the projects for Hearne. (Round your intermediate calculation to 2 decimal places. Round your final answers to decimal places) Profitability in Rani Project 1 Project 2 Project 3