2. You are considering three independent projects in Doha, Al-Wakra, and Al-Khor, respectively. 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 Doha -15,000 6,200 1,200 4,000 2,800 2,000 Al-Wakra -75,000 37,000 12,000 12,000 12,000 12,000 Al-Khor -50,000 20,000 20,000 10,000 10,000 10,000 Inflow Year 5 If you require a 3-year payback period before an investment can be accepted, which project(s) should you accept