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The following table contains information about four potential investment projects that Castle Corporation is considering.
| Project | Required Investment | Project Life | ARR | Payback Period | NPV | Profitability Index |
| A | $ 820,000 | 5 | 33.00% | 3.2 | $ 387,750 | 1.19 |
| B | $ 1,070,000 | 4 | 20.00% | 4.4 | $ 491,562 | 2.06 |
| C | $ 1,320,000 | 4 | 17.50% | 4.1 | $ 218,920 | 1.53 |
| D | $ 1,820,000 | 5 | 19.20% | 2.9 | $ 248,258 | 1.48 |
Required:
- Rank the four projects in order of preference under each method indicated by the headers:
- Which method is the best for evaluating the investments?
Rank the four projects in order of preference under each method indicated by the headers: Which method is the best for evaluating the investments
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