Imagine you are a managerial accountant in charge of operations for an architectural firm whose work focuses on green building initiatives. To be consistent with the firm's principles, you propose three separate green initiatives to the board. The first proposal is to install low-water plumbing throughout the building. The second proposal is to install solar panels on the south-facing side of the building to reduce electric costs. The third proposal is to eliminate food and package waste from the break area by partnering with a sustainable food pantry. All three initiatives would include educational materials for clients, architects, and staff of the firm to underscore the firm's commitment to environmental matters. To convince the board of directors of the viability of these options, you prepare the following analysis. a-f. Fill in the missing spaces within the table below. (Negative amount should be indicated by a minus sign. Round the Profitability Index value to two decimal places.) Clean Water 2,000,000 2,800,000 Solar Energy 2,000,000 1,540,000 Food Waste 1,000,000 1,420.000 Initial Cost Present Value of Future Cash Flows NPV Profitability Index Cost of Capital IRR Payback Period 9.5% 5 years 10 % 9.0 % 10 years 12.0% 4 years 9-). Which project would the board of directors choose if it values: Profitability index A fast payback period Internal rate of return Net present value Initial cost outlay k. If you make your recommendation based on the profitability index, in which order would you recommend the projects be prioritized? Order Profitability index 2 3