please help!

tearne Company has a number of potential capital investments. Because these projects vary in nature, initial nvestment, and time horizon, management is finding it difficult to compare them. Assume straight line Jepreciation method is used. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present value Annuity of $1. Note: Use appropriate factor(s) from the tables provided. Project 1: Retooling Manufacturing Facility This project would require an initial investment of $4,880,000. It would generate $892,000 in additional net zash flow each year. The new machinery has a useful life of eight years and a salvage value of $1,830,000. Project 2: Purchase Patent for New Product The patent would cost $3,505,000, which would be fully amortized over five years. Production of this roduct would generate $490,700 additional annual net income for Hearne. Project 3: Purchase a New Fleet of Delivery Trucks tearne could purchase 25 new delivery trucks at a cost of $126,400 each. The fleet would have a useful life of 10 years, and each truck would have a salvage value of $5,300. Purchasing the fleet would allow Hearne :o expand its customer territory, resulting in $230,000 of additional net income per year. Required: 1. Determine each project's accounting rate of return. 2. Determine each project's payback period. 3. Using a discount rate of 10 percent, calculate the net present value of each project. Determine each project's accounting rate of return. Note: Round your answers to 2 decimal places. Determine each project's payback period. Note: Round your answers to 2 decimal places. Using a discount rate of 10 percent, calculate the net present value of each project. Note: Negative amount should be indicated by a minus sign. Round your intermediate calculations to 4 decimal pla final answers to 2 decimal places. Determine the profitability index of each project and prioritize the projects for Hearne. Note: Round your intermediate calculations to 2 decimal places. Round your final answers to 4 decimal places