The following table contains information about four potential investment projects that Castle Corporation is considering....
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The following table contains information about four potential investment projects that Castle Corporation is considering. Project Required Investment $ 780,000 $ 1,030,000 $ 1,280,000 $ 1,780,000 Project Life 5 4 4 5 Payback Period 3.8 4.2 3.9 3.1 Accte ROR 30.Det 19.50% 15.00% 17.79% B C D Profitability Index 2.66 2.10 1.49 1.44 NPV $ 346,750 $366,562 $ 218,420 $ 247,758 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
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