29. Payback and NPV. Here are the expected cash flows for three projects: (L08-4) project NPV po Cash Flows (dollars) 0 1 2 3 4 Project Year: B C -5.000 - 1,000 -5,000 +1,000 0 +1,000 +1,000 +1,000 +1,000 +3,000 +2,000 +3,000 0 +3,000 +5,000 a. What is the payback period on each of the projects? b. If you use the payback rule with a cutoff period of 2 years, which projects will you accept te Finance, Tenth Edition 243 Chapter 8 Net Present Value and Other Investment Criteria 267 c. If you use a cutoff period of 3 years, which projects will you accept? d. If the opportunity cost of capital is 10%, which projects have positive NPVs? e. "Payback gives too much weight to cash flows that occur after the cutoff date." True or false