2. As a CFO you are faced with three possible projects for your company. Cash Flows (by Year) 0 4 1000 1000 Project 1 Project 2 Project 3 5000 3000 0 1000 0 1000 2000 3000 5000 1000 1000 3000 5000 (1) What is the payback period for each of the three projects? Project 1: Project 2: Project 3: If the opportunity cost of capital is 10%, which projects have positive NPVs? (Calculate them!) P1: (2) P3: (3) What is the Profitability Index for each of the three projects? P1: P2: P3: (4) If the board tells you to choose a project with a positive NPV, a Profitability Index of at least 1.0, and no more than a 3 year payback, which project(s) could you accept