calculate payback period

Question 3 (1 point) Will Project A be recommended? The cut-off period is 2 years. The cost of capital is 12%. Year ON Project A -$75,000 $32,400 $30,200 $36,600 1) No! Project A has payback period of 2.55 years. 2) Yes! Project A has payback period of 1.98 years. 03) No! Project has payback period of 2.338 years. 4) Yes! Project A has payback period of 1.06 years