Cash Flows ($) Project C0 C1 C2 C3 C4

A 5,900 1,900 1,900 2,100 0

B 1,200 0 1,100 2,900 3,900

C 3,400 800 2,500 1,400 900

Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept?

C

B

None

A