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Calculate the payback period tor the following two distinct cash flow steams that both require the same $100,000 initial outlay; Now answer the following questions.

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Calculate the payback period tor the following two distinct cash flow steams that both require the same $100,000 initial outlay; Now answer the following questions. What is the payback period for each project? Which project should you select using a three-year cutoff period? What is the payback period of each project if the initial investment was $150,000? Assuming you have a four-year payback rule, which project would you accept? Are there any issues with this decision

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