Consider the following information: Cash Flows ($) Project C0 C1 C2 C3 C4 A 5,400 1,400 1,400 3,400 0 B 600 0 500 2,400 3,400 C 5,100 3,000 1,800 900 400 a. What is the payback period on each of the above projects? (Round your answers to 2 decimal places.) Project Payback Period A year(s) B year(s) C year(s) b. Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept? Project A and Project B Project A and Project C Project B Project A, Project B, and Project C None Project B and Project C Project C Project A c. If you use a cutoff period of three years, which projects would you accept? Project A and Project C Project B and Project C Project A Project A and Project B Project C Project A, Project B, and Project C Project B d. If the opportunity cost of capital is 8%, which projects have positive NPVs? Project B Project A, Project B, and Project C Project A and Project B Project A Project C Project A and Project C Project B and Project C e. If a firm uses a single cutoff period for all projects, it is likely to accept too many short-lived projects. True or false? True False f-1. If the firm uses the discounted-payback rule, will it accept any negative-NPV projects? Yes No f-2. Will it turn down positive-NPV projects? Yes No