Calculate the payback periods for the following projects. Year A B D 0 -$10,000 -$20,000 -$20,000 -$20,000 3,000 4,000 4,000 10,000 4,000 5,000 2,000 5,000 5,000 8,000 1,000 -20,000 6,000 9,000 13,000 180,000 1 2 3 4 E -$50,000 30,000 20,000 -1,000,000 Which project(s) should be accepted if your company imposes a cutoff period of 3 years? Assume projects are independent.