Traditionally, Granite Company has accepted a proposal only if the payback period is less than 50 percent of the asset's useful life. Peggy Casteel is the new accounting manager. She suggested to management that capital budgeting decisions should not be made based solely on the payback period. Granite Company is currently considering purchasing a new machine for the factory that would cost $112,000 and would be sold after 8 years for $50,000. The new machine will generate annual cash flows of $30,000 in its first year of use. $24,000 in its second year of use, $20,000 in the third year, and $14,800 each year thereafter. The company's cost of capital is 12 percent. Required: 1-a. Complete the table given below. 1-b. Calculate the payback period. 1-c. Would Granite Company accept this project based solely on the payback period? 2-a. Complete the table given below and calculate NPV. 2-b. Would Granite Company accept this project if the NPV method is used to evaluate the machine? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 1c Req 2A Req 2B Complete the table given below Year Initial Annual Cash Investment Flow 1 Unpaid Investment 2 3 4 5 6 7 8 Reg. 17 Shaylee Corp has $2.00 million to invest in new projects. The company's managers have presented a number of possible options that the board must prioritize. Information about the projects follows: Initial investment Present value of future cash flows Project A Project B Project C Project D $ 434,000 $ 249,000 $ 739,000 $ 964,000 784,000 434,000 1,219,000 1,579,000 Required: 1. Is Shaylee able to invest in all of these projects simultaneously? 2-A. Calculate the profitability index for each project. 2-8. What is Shaylee's order of preference based on the profitability index? Complete this question by entering your answers in the tabs below. Req 1 Reg 2A and 2B Is Shaylee able to invest in all of these projects simultaneously? Is Shaylee able to invest in all of these projects simultaneously? Reg Req 2A and 2B > Jill Harrington, a manager at Jennings Company, is considering several potential capital investment projects. Data on these projects follow: Initial investment Annual cash inflows PV of cash inflows Project X Project Y $40,000 $20,000 25,000 10,000 45,000 33,000 Project z $50,090 25,400 70,000 Required: 1. Compute the payback period for each project and rank order them based on this criterion 2. Compute the NPV of each project and rank order them based on this criterion 3. Compute the profitability index of each project and rank order them based on this criterion. 4. If Jennings has limited funds to invest, which ranking should Jill recommend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the payback period for each project and rank order them based on this er places.) Payback Period Rank Project X Project Y Project 2 Recured Required 2