Refer to the data regarding two alternate investment proposals in the previous problem.

Required:
a. Rank the alternatives using the payback period method.
b. Rank the alternatives using the modified payback period method.
The modified payback period method identifies when the present value future cash flows covers initial investment.
c. Rank the alternatives using the accounting rate of return method.
d. Compare and contrast the rankings using payback period, adjusted payback period, accounting rate of return, NPP, and IRR methods.