Subject: acounting Citco Company is considering investing up to $696,000 in a sustainability-enhancing project. Its managers have narrowed theirchoices to three potential projects.• Project A would redesign the production process to recycle raw materials waste back into the production cycle, saving on directmaterials costs and reducing the amount of waste sent to the landfill.• Project B would remodel an office building, utilizing solar panels and natural materials to create a more energy-efficient andhealthy work environment.• Project C would build a new training center in an underserved community, providing jobs and economic security for the localcommunity.Required:1. Assuming the cost of capital is 8%, complete the table below by computing the payback period, NPV, Profitability Index, and InternalRate of Return. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriatefactor(s) from the tables provided. Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.Round your "NPV" answers to the nearest whole dollar amounts. Round your "PI" and "IRR" answers to 2 decimal places.)Required investmentAnnual cost savingsProject lifeSalvage valuePayback periodNPV @ 8%Profitability index @ 8%Internal rate of return$$Project A(Redesignproductionprocess)$(696,000)116,0008 years77,000years%Project B(Remodel officebuilding)$$$(711,000)79,00010 years75,000years%Project C(New trainingfacility)$$$(392,000)98,0006 years29,000years%

Here I have used PVIF Factor at 8% for 8 years 10 years and 6 years = 0.5403, 0.4632, 0.6302 and…

itco Company is considering investing up to $696,000 in a sustainability hoices to three potential projects. • Project A would redesign the production process to recycle raw mat materials costs and reducing the amount of waste sent to the landfill • Project B would remodel an office building, utilizing solar panels and healthy work environment. Project C would build a new training center in an underserved comm community. .