10-7. (Payback period calculations) You are considering three independent projects project A, project B, and project C. Given the following free cash flow information. calculate the payback period for each. Initial outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 PROJECT A -$1,000 600 300 200 100 500 PROJECT B -$10,000 5,000 3,000 3,000 3,000 3,000 PROJECT C -$5,000 1,000 1,000 2,000 2,000 2,000 If you require a 3-year payback before an investment can be accepted, which projectis would be accepted