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. (Round your answers to 2 decimal places.) Payback Period Rank Project X Project Y Project Z 2. Compute the NPV of each project and rank order them based on this criterion. NPV Rank Project X Project Y Project Z 3. 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 4. If Jennings has limited funds to invest, which ranking should Jill recommend? NPV Ranking Profitability Index Ranking O Payback Ranking