Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow: Initial investment Annual cash inflows PV of cash inflows Project X Project Y Project z $40,000 $20,000 $50,000 25,000 10,000 25,400 45,000 33,000 70,000 Required: 1. Compute the payback period for each project and rank order them based on this criterion. 2. Compute the NPV of each project and rank order them based on this criterion. 3. Compute the profitability index of each project and rank order them based on this criterion. 4. If Jennings has limited funds to invest, which ranking should Jill recommend? Compute the payback period for each project and rank order them based on this criterion. (Round your answers to 2 decimal places.) Payback Period Rank Project X Project Y Project 2 Compute the NPV of each project and rank order them based on this criterion. NPV Rank Project X Project Y Project Z Compute the profitability index of each project and rank order them based on this criterion. (Round your answers to 2 decimal places.) PI Rank Project X Project Y Project Z If Jennings has limited funds to invest, which ranking should Jill recommend? If Jennings has limited funds to invest, which ranking should Jill recommend