HELP

Hearne Company has o number of potential capital investments. Because these projects vary in noture, initial investment, and time horizon, management is finding it difficult to compare them. Assume straight line depreciasion method is used. erecens Value of \$1, Future Value, Annuliy of \$1, Present Value Annuiry of \$1) Note: Use appropriate factor(s) from the tables provided. Project t: Retooling Monufacturing Facility This project would require an initial investment of $4,970,000 in would generdte $973,000 in addisionai net cash fiow eoch yeat The new machinery has a useful life of eight years and a salvage value of $1.920.000. Project 2: Purchase Patent for New Product The potent would cost $3,820.000, which would be fully amortized ever flve years. Production of this product would generate $706,700 additional annual net income for Heame. Project 3: Purchase a New Fleet of Delivery Trucks Hesrpe could purchase 25new deflivery trucks at a cost of $160,600 each. The feet would hove a useful hife of 10 years, and each truck would have a salvage value of $6,200. Purchasing the fleet would allow Heame to expand its customer tertitory, resultipg in $239,000 of additional net income per yeor Requited: 1. Determine eoch project's accounting rate of return 2. Determine each project's payback period. 3. Using a discount rate of 10 percens, calculate the net presens value of each project. 4. Determine the proftability index of euch preject and priontize the projects for Hearne. Complate this question by entering your answers in the tabs below. Determine ch project's occounting rate of return. Note: Round vour ansmers to 2 decimal places