20 Data Table Net Cash Inflows Year Project L Annual Accumulated 62,500 $ 62,500 $ 62,500 125,000 62,500 187,500 62,500 250,000 62,500 312,500 62,500 375,000 62,500 437,500 62,500 500,000 Project M Project N Annual Accumulated Annual Accumulated 162,500 $ 162,500 $ 250,000 $ 250,000 262,500 425,000 250,000 500,000 75,000 500,000 175,000 675,000 275,000 950,000 Print [Done] Print Done parts Clear All Abel AS Consider the following three projects. All three have an initial investment of $500,000. Click the icon to view the investments.) Requirements 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback 2. Are there other factors that should be considered in addition to the payback period? Requirement 1. Determine the payback period of each project. Rank the projects from most desirable to least desirat based on payback. First, determine the payback period of each project. (Enter the payback period as a numeral.) Payback period years Project Project L Project M Project N years years Enter any number in the edit fields and then click Check Answer. 2 parts 2 remaining Clear All Check