Name Bade Wa bool9 Alphabetical Number 6oolg Alphadbetical Number Sertion week # 13-Chapter 10 Homework Assignment Problem 1 (Textbook Reference: P10-5)- Rank proposals using the payback pe riod, unadjus ted rate of return, profitability index, and time-adjus te d rate ofreturn Merryll, Inc., is considering three different investments involving depreciable assets with no salvage value. The following data relate to these investments: Expected Before- Tax Cash Inflow per Year Expected After- Tax Cash Inflow Life of Proposal (years) 10 20 10 Initial Cash Outlay Investme nt per Year 140,000 S 240,000 S 360,000 $ 37,333 S 72,000 S 89,333 S 28,000 48,000 68,000 S The income tax rate is 40%. Management requires a minimum, return on investment of 12% (4) Time-adjusted rate or return rakings: a. Unadjusted rate of return cakculation - Investment 1: b. Unadjusted rate of return calculation -Investment 2: c. Unadjusted rate of return calculation -Investment 3