The following table contains information about four projects in which X Corporation has the opportunity to invest. This information is based on estimates that different managers have prepared about the companys potential project. Project Investment Required Net Present Value Life of Project Internal Rate of Return Profitability Index Payback Period in Years Accounting Rate of Return A $ 226,000 $ 36,908 5 21% 1.17 2.97 20% B $ 406,000 $ 50,740 6 24% 1.13 3.13 15% C $1,040,000 $152,325 3 19% 1.16 2.18 14% D $1,630,000 $ 19,870 4 14% 1.02 3.00 23% Part 1: Rank the four projects in order of preference by using the following table: (a) Net Present Value (b) Profitability Index (c) Internal Rate of Return (d) Payback Period (e) Average Rate of Return 1st preferred Project A, B, C, or D? 2nd preferred 3rd preferred 4th preferred