Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow:

1. Compute the payback period for each project and rank order them based on this criterion. (Round your answers to 2 decimal places.)

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. (Round your answers to 2 decimal places.)

4. If Jennings has limited funds to invest, which ranking should Jill recommend?

Initial investment Annual cash inflows PV of cash inflows Project X ProjectY Project Z $40,000 $20,000 S50,000 25,400 70,000 25,000 45,000 10,000 33,000