Bill Williams has opportunity to invest in project A that costs 5500 today and promises to pay annual cash flows of 2200, 2600,2600, 1900, 1800 over the next 5 years . Or bill can invest 5500 on project B that promises to pay annual cash flow of 1300 , 1300, 1300, 3500 and 3900over next 5 years . Hint for mixed stream cash inflows calculate cumulative cash inflows on a year to year basis until the initial investment is recovere

1. how long will it take bill to recoup his initial investment in project A round 2 decimal places

2 how long will it take bill to recoup his initial investment in project B round 2 decimal places

3. Using the payback period which project should bill choose

4. Do you see any problems with his choice ?