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I have done most of this question (as seen by green check) but I got stuck and need help on the rest. Any assistance would

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I have done most of this question (as seen by green check) but I got stuck and need help on the rest. Any assistance would be greatly appreciated. Thank you!

Project 1: Retooling Manufacturing Facility This project would require an initial investment of $4,920,000. It would generate $928,000 in additional net cash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,870,000. Project 2: Purchase Patent for New Product The patent would cost $3,645,000, which would be fully amortized over five years. Production of this product would generate $583,200 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 $141,600 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $5,700. Purchasing the fleet would allow Hearne to expand its customer territory resulting in $234,000 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine each project's accounting rate of return. (Round your answers to 2 decimal places.) Accounting Rate of Return 11.11% Project 1 Project 2 Project 3 16.00% 6.61% Project 3: Purchase a New Fleet of Delivery Trucks Hearne could purchase 25 new delivery trucks at a cost of $141,600 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $5,700. Purchasing the fleet would allow Hearne to expand its customer territory resulting in $234,000 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. Answer is not complete. 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 5.30 years Project 1 Project 2 Project 3 2.78 years 6.17 years 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 $ 903,142.00 Project 1 Project 2 Project 3 Required 1 Required 2 Required 3 Required 4 Determine the profitability index of each project and prioritize the projects for Hearne. (Round your intermediate calculations to 2 decimal places. Round your final answers to 4 decimal places.) Profitability Index Rank Project 1 Project 2 Project 3

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