Which investment should Back pursue at E26-27 Using capital rationing to make capital investment decisions Mountain Manufacturing is considering the following capital investment proposals. Mountain's requirement criteria include a maximum payback period of five years and a required rate of return of 12.5%. Determine if each investment is acceptable or should be rejected (ignore qualitative factors). Rank the acceptable investments in order from most desirable to least desirable. C D E Project A B Payback 3.15 years 4.20 years 2.00 years 3.25 years 5.00 years NPV $ 10,250 $ 42,226 $ (10,874) $ 36,251 $0 IRR 13.0% 14.2% 8.5% 14.0% 12.5% Profitability Index 1.54 1.92 0.75 2.86 1.00