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