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Lulus Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to Question list $6,000,000 for the year. Linda Baker, staff analyst at Lulus, is preparing an analysis of the three projects under consideration by Corey Lulus, the company's owner. (Click the icon to view the data for the three projects.) x/s Question 1 Read the requirements. Question 2 Requirement 1. Because the company's cash is limited, Lulus thinks the payback method should be used to choose between the capital budgeting Question 3 projects. a. What are the benefits and limitations of using the payback method to choose between projects? Benefits of the payback method: A. Indicates whether or not the project will earn the company's minimum required rate of return B. Easy to understand and captures uncertainty about expected cash flows in later years of a project C. Utilizes the time value of money and computes each project's unique rate of return D. All of the above Data table Reference