Assume you invest $500.00 today and let it sit in an investment earning 8% interest for 7 years.
How much would you have at the end of that time?
Assume you invest $1,000.00 at the end of every year for 20 years earning 8% interest per year.
How much would you have at the end of that time?
	Project A	Project B	Project C
Initial Outlay	(1,000)	(10,000)	(5,000)
Inflow Year 1	600	5,000	1,000
Inflow Year 2	300	3,000	1,000
Inflow Year 3	100	1,000	2,000
Inflow Year 4	100	1,000	1,000
Inflow Year 5	500	3,000	2,000
Calculate the payback for each project. If the company requires a 3 year payback,
which project would be accepted?