Consider the following information: Project Cash Flows ($) C0 C1 C2 C3 C4 A 5,200 1,200 1,200 2,800 0 B 800 0 750 2,200 3,200 C 4,800 3,300 1,600 700 200 a. What is the payback period on each of the above projects? b. Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept? c. If you use a cutoff period of three years, which projects would you accept? d. If the opportunity cost of capital is 10%, which projects have positive NPVs? e. If a firm uses a single cutoff period for all projects, it is likely to accept too many shortlived projects. True or false?