Ranking Investment Proposals: Payback Period, Accounting Rate of Return, and Net Present Value Presented is information pertaining to the cash flows of three mutually exclusive investment proposals: Proposal A $100,000 Proposal B Proposal C $100,000 $100,000 110,000 Initial investment... Cash flow from operations Year 1 Year 2 Year 3 Disinvestment. Life (years) 60,000 40,000 35,000 0 3 years 25,000 40,000 70,000 0 3 years 0 1 year Required a. Rank these investment proposals using the payback period, the accounting rate of return on initial investment, and the net present value criteria. Assume that the organization's cost of capital is 12% and that all investments are in depreciable assets. Round calculations to four decimal places. b. Explain the difference in rankings. Which investment would you recommend