Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted payback period for small-dollar projects. The cutoff period will remain at three years. Given the following four projects' cash flows, using the table below, and using a discount rate of 8%, determine which projects it would have accepted under the payback period and which it will now reject under the discounted payback period. Which projects that would have been accepted under payback period method will now be rejected under the discounted payback period method?

Cash Flow	Project 1		Project 2		Project 3		Project 4
Initial Cost	$14,000		$10,000		$6,000		$24,000
Year 1	$5,667		$5,000		$2,000		$10,000
Year 2	$5,667		$3,500		$2,500		$16,000
Year 3	$5,667		$2,000		$3,000		$ 0

A.Project 2, project 3

B.Project 3, project 4

C.Project 2, project 4

D.None of them