1. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted?

Year	Project A ($)	Project B ($)	Project C ($)
0 (Investment)	-1,000	-$10,000	-$5,000
1	600	4,000	2,000
2	300	3,000	1,000
3	200	2,000	2,000
4	100	2,000	1,000
5	500	4,000	2,000