4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted? (Total 7 points) Year (Investment) 1 2 3 4 Project A ($) -2,000 -2,000 800 600 600 400 Project B ($) $10,000 -6,000 4,000 3,000 2,000 2,000 Project C($) -$5,000 -12,000 5,000 5,000 5,000 2,000 WIN 5