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 $40,000 25,000 45,000 Project Y $20,000 10,000 33,000 Project z $50,000 25,400 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the payback period for each project and rank order them based on this criterio places.) Payback Period Rank Project X Project Project Z Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the NPV of each project and rank order them based on this criterion. NPV Rank Project X Project Y Project Z Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the profitability index of each project and rank order them based on this criterior places.) PI Rank Project X Project Y Project Z Required 1 Required 2 Required 3 Required 4 If Jennings has limited funds to invest, which ranking should bill recommend? IF Jennings has limited funds to invest, which ranking should Jill recommend?