The following table contains information about four potential investment projects that Castle Corporation is considering Project Required Investment Project Life Payback Acctg ROR Period NPV Profitability Index A $ 700,000 5 24.00% 3.4 $ 264,750 1.66 B $ 950,000 4 18.50% 3.81 $ 248,562 2.18 C $ 1,200,000 4 10.00% 3.5 $ 217,420 1.41 D $1,700,000 5 14.70% 3.5 $ 246,758 1.36 Required: 1. Rank the four projects in order of preference under each method indicated by the headers: Accounting Rate of Return Payback Period: Net Present Value Profitability Index 1st preferred 2nd preferred 3rd preferred 4th preferred