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. In Jennings has limited funds to invest, which ranking should Jill recommend? Complete this question by entering vour answers in the taha hem PA11-1 (Algo) Calculating Accounting Rate of Return, Payback Period, Net Present Value, Estimating Internal Rate of Return [LO 11-1, 11-2, 11-3, 11-4) Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows: (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of S1) (Use appropriate factor(s) from the tables provided.) $ 534,000 Initial investment (for two hot air balloons) Useful life Solvage value Annual net incone generated S's cost of capital 9 years $ 57,000 49,128 10% Assume straight line depreciation method is used. Required: Help BBS evaluate this project by calculating each of the following 1. Accounting rate of return (Round your answer to 2 decimal places.) 2. Payback period (Round your answer to 2 decimal places.) 3. Net present value (NPV) (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) 4. Recalculate the NPV assuming BBS's cost of capital is 13 percent (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round the final answer to nearest whole dollar.) % 1 Accounting rate of return 2 Payback period 3. Net present value 4. Net present value assuming 13% cost of capital years