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Consider the following information: Project A B -6,200 -1,500 -3,800 Cash Flows ($) C1 C2 C3 2,200 2,200 1,800 0 1,000 3,200 2,200 1,300 1,700

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Consider the following information: Project A B -6,200 -1,500 -3,800 Cash Flows ($) C1 C2 C3 2,200 2,200 1,800 0 1,000 3,200 2,200 1,300 1,700 C4 0 4,200 1,200 a. What is the payback period on each of the above projects? (Round your answers to 2 decimal places.) Project A Payback Period year(s) year(s) year(s) B 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 C O Project A O Project A and Project B O Project B O Project A, Project B, and Project C O Project B and Project C O None O Project C c. If you use a cutoff period of three years, which projects would you accept? Project A and Project C O Project A and Project B Project C O Project B O Project A O Project A, Project B, and Project C O Project B and Project C

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