Bower Co. is reviewing a capital investment of $50,000. This project's projected cash flows over a five year period are estimated at $20,000 each year. A. Calculate the payback period. B. Calculate the break-even time. Assume a 12% hurdle rate and use the table below: Periods Present Value of 1 at 12% 1.......... 0.8929 2.......... 0.7972 3.......... 0.7118 4.......... 0.6355 5.......... 0.5674 C. Using the results in A and B, make a recomendation for the project