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.

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Project Payback 4.20 years 3.15 years 2.00 years 3.25 years 5.00 years $ 10,250 $ 42,226 14.2% $ 36,251 $0 $ (10,874) 8.5% NPV IRR 13.0% 14.0% 12.5% Profitability Index 1.54 0.75 1.00 1.92 2.86