Consider the following cash flows in Table P5.5.
(a) Calculate the payback period for each project.
(b) Determine whether it is meaningful to calculate a payback period for project D.
(c) Assuming that i = 12%, calculate the discounted payback period for each project.

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Project's Cash Flow ($) 0 $3,500 $5,000 7.500 $4.000 800 2,000 2,000 5,000 800 1,500 2,000 3,000 2.500 4.000 1,000 500 5,000 1,000 2,000 3,000 2,000 1,500 500 800 800 1,500 800 800 800